Heritage Home Educational Society
EIN: 455078402 · Cleveland, OH · NTEE: L80
| Metric | Value |
|---|---|
| Total Revenue | $760K |
| Total Expenses | $642K |
| Net Assets | $53K |
Is Heritage Home Educational Society Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Heritage Home Educational Society
Heritage Home Educational Society (EIN: 455078402) is a nonprofit organization based in Cleveland, OH, classified under NTEE code L80. The organization reported total revenue of $760K and total assets of $8.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heritage Home Educational Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heritage Home Educational Society is a small nonprofit that has been operating for 11 years, with 11 years of IRS 990 filings on record (2013–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $688K |
| Total Expenses | $642K |
| Surplus / Deficit | +$46K |
| Total Assets | $6.2M |
| Total Liabilities | $6.1M |
| Net Assets | $53K |
| Operating Margin | 6.7% |
| Debt-to-Asset Ratio | 99.1% |
| Months of Reserves | 115.3 months |
Financial Health Grade: A
In 2023, Heritage Home Educational Society reported a surplus of $46K with revenue exceeding expenses, holds 115.3 months of operating reserves (strong position), has a debt-to-asset ratio of 99.1% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.8% | +466.9% | +64.8% |
| 2022 | +34.2% | -80.7% | +42.1% |
| 2021 | +8.2% | +33.6% | +4.4% |
| 2020 | -20.1% | -27.5% | -25.2% |
| 2019 | +27.0% | +46.4% | +0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Heritage Home Educational Society has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Heritage Home Educational Society with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $46K, with revenue exceeding expenses.
- Debt-to-asset ratio: 99.1%.
Frequently Asked Questions about Heritage Home Educational Society
Is Heritage Home Educational Society a legitimate charity?
Heritage Home Educational Society (EIN: 455078402) is a registered tax-exempt nonprofit based in Ohio. It has 11 years of IRS 990 filings on record. Total revenue: $760K. No red flags identified. Financial health grade: A.
How does Heritage Home Educational Society spend its money?
Heritage Home Educational Society reported $760K in total revenue in IRS 990 filings. 11 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Heritage Home Educational Society tax-deductible?
Heritage Home Educational Society is registered as a tax-exempt nonprofit (EIN: 455078402). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Heritage Home Educational Society located?
Heritage Home Educational Society is headquartered in Cleveland, Ohio and files with the IRS under EIN 455078402. It is classified under NTEE code L80.
How many years of IRS 990 filings does Heritage Home Educational Society have?
Heritage Home Educational Society has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $760K in total revenue.
Filing History
IRS 990 filing history for Heritage Home Educational Society showing financial trends over 11 years of public records:
Total assets increased by 616975400% over the same period, from $1 to $6.2M. In its most recent filing year (2023), Heritage Home Educational Society reported a surplus of $46K, with revenue exceeding expenses. The organization holds $6.1M in liabilities against $6.2M in assets (debt-to-asset ratio: 99.1%), resulting in net assets of $53K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $688K | $642K | $6.2M | $6.1M | — | — |
| 2022 | $615K | $113K | $3.7M | $3.7M | — | View 990 |
| 2021 | $459K | $586K | $2.6M | $2.6M | — | View 990 |
| 2020 | $424K | $439K | $2.5M | $2.4M | — | — |
| 2019 | $530K | $605K | $3.4M | $3.2M | — | View 990 |
| 2018 | $417K | $413K | $3.4M | $3.1M | — | View 990 |
| 2017 | $340K | $347K | $2.5M | $2.3M | — | — |
| 2016 | $383K | $406K | $1.7M | $1.5M | — | View 990 |
| 2015 | $470K | $356K | $2.0M | $1.7M | — | View 990 |
| 2014 | $601K | $480K | $1.8M | $1.7M | — | View 990 |
| 2013 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $688K, expenses of $642K, and assets of $6.2M (revenue +11.8% year-over-year).
- 2022: Revenue of $615K, expenses of $113K, and assets of $3.7M (revenue +34.2% year-over-year).
- 2021: Revenue of $459K, expenses of $586K, and assets of $2.6M (revenue +8.2% year-over-year).
- 2020: Revenue of $424K, expenses of $439K, and assets of $2.5M (revenue -20.1% year-over-year).
- 2019: Revenue of $530K, expenses of $605K, and assets of $3.4M (revenue +27.0% year-over-year).
- 2018: Revenue of $417K, expenses of $413K, and assets of $3.4M (revenue +22.8% year-over-year).
- 2017: Revenue of $340K, expenses of $347K, and assets of $2.5M (revenue -11.2% year-over-year).
- 2016: Revenue of $383K, expenses of $406K, and assets of $1.7M (revenue -18.7% year-over-year).
- 2015: Revenue of $470K, expenses of $356K, and assets of $2.0M (revenue -21.7% year-over-year).
- 2014: Revenue of $601K, expenses of $480K, and assets of $1.8M.
- 2013: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heritage Home Educational Society:
Data Sources and Methodology
This transparency report for Heritage Home Educational Society 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.