Heritage Charitable Research Tr
Heritage Charitable Research Tr maintains minimal operations with declining assets and no officer compensation.
EIN: 206499568 · Fulton, MS · NTEE: T22 · Updated: 2026-03-28
Is Heritage Charitable Research Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Heritage Charitable Research Tr directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Heritage Charitable Research Tr
Heritage Charitable Research Tr (EIN: 206499568) is a nonprofit organization based in Fulton, MS, classified under NTEE code T22. The organization reported total revenue of $185K and total assets of $84K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heritage Charitable Research Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Heritage Charitable Research Tr with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Heritage Charitable Research Tr allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that no officers or key employees receive salaries from the organization, which is highly favorable for a nonprofit of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Heritage Charitable Research Tr's IRS 990 filings:
- Consistent decline in assets over the past decade, from $126,609 in 2011 to $90,392 in 2023.
- Expenses frequently exceed revenue, indicating reliance on existing assets or inconsistent funding.
Strengths
The following positive indicators were identified for Heritage Charitable Research Tr:
- Consistently reports 0% officer compensation, indicating efficient use of funds for leadership.
- Maintains extremely low liabilities ($1 reported consistently), suggesting strong financial control over debt.
- Stable asset base, despite a declining trend, still provides a buffer for operations.
Frequently Asked Questions about Heritage Charitable Research Tr
Is Heritage Charitable Research Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Heritage Charitable Research Tr (EIN: 206499568) some concerns. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
How does Heritage Charitable Research Tr spend its money?
Heritage Charitable Research Tr directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Heritage Charitable Research Tr tax-deductible?
Heritage Charitable Research Tr is registered as a tax-exempt nonprofit (EIN: 206499568). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What are the specific programs or research activities Heritage Charitable Research Tr conducts?
The provided data does not detail specific program activities. The NTEE code T22 suggests 'Research Institutes and/or Public Policy Analysis', but further information from their full 990 filing would be needed to understand their specific work.
How does Heritage Charitable Research Tr cover its expenses when revenue often falls short?
The organization appears to cover deficits by drawing down its asset base. For example, in 2021, revenue was $7,739 while expenses were $10,693, leading to a decrease in assets from $91,215 to $90,395 (a slight discrepancy in asset change vs. net loss, but the trend holds).
Is the organization's declining asset trend a concern for its long-term viability?
While assets have declined from $126,609 in 2011 to $90,392 in 2023, the organization still maintains a healthy asset-to-liability ratio. However, continued operation with expenses consistently exceeding revenue could eventually threaten its long-term viability if new funding sources are not secured.
Filing History
IRS 990 filing history for Heritage Charitable Research Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Heritage Charitable Research Tr's revenue has grown by 71.9%, moving from $10K to $17K. Total assets decreased by 28.6% over the same period, from $127K to $90K. Total functional expenses rose by 11.2%, from $15K to $17K. In its most recent filing year (2023), Heritage Charitable Research Tr reported a surplus of $5, with revenue exceeding expenses. The organization holds $1 in liabilities against $90K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $90K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $17K | $17K | $90K | $1 | — | — |
| 2022 | $9K | $10K | $90K | $1 | — | View 990 |
| 2021 | $8K | $11K | $91K | $1 | — | — |
| 2020 | $7K | $11K | $94K | $1 | — | — |
| 2019 | $2K | $15K | $98K | $1 | — | View 990 |
| 2015 | $6K | $12K | $125K | $1 | — | View 990 |
| 2014 | $20K | $14K | $131K | $1 | — | View 990 |
| 2013 | $15K | $20K | $124K | $1 | — | View 990 |
| 2012 | $22K | $18K | $130K | $1 | — | View 990 |
| 2011 | $10K | $15K | $127K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $17K, expenses of $17K, and assets of $90K (revenue +80.0% year-over-year).
- 2022: Revenue of $9K, expenses of $10K, and assets of $90K (revenue +18.6% year-over-year).
- 2021: Revenue of $8K, expenses of $11K, and assets of $91K (revenue +8.3% year-over-year).
- 2020: Revenue of $7K, expenses of $11K, and assets of $94K (revenue +329.9% year-over-year).
- 2019: Revenue of $2K, expenses of $15K, and assets of $98K (revenue -72.3% year-over-year).
- 2015: Revenue of $6K, expenses of $12K, and assets of $125K (revenue -70.2% year-over-year).
- 2014: Revenue of $20K, expenses of $14K, and assets of $131K (revenue +38.7% year-over-year).
- 2013: Revenue of $15K, expenses of $20K, and assets of $124K (revenue -32.9% year-over-year).
- 2012: Revenue of $22K, expenses of $18K, and assets of $130K (revenue +124.8% year-over-year).
- 2011: Revenue of $10K, expenses of $15K, and assets of $127K.
Data Sources and Methodology
This transparency report for Heritage Charitable Research Tr is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.