Heritage Homeschool Co Op
Heritage Homeschool Co Op maintains strong financial health with no officer compensation and consistent asset growth.
EIN: 200373385 · Bellevue, WA · NTEE: B99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $539K |
| Total Expenses | $491K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $500,000 |
| Net Assets | $221K |
| Transparency Score | 92/100 |
Is Heritage Homeschool Co Op Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Heritage Homeschool Co Op directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Heritage Homeschool Co Op
Heritage Homeschool Co Op (EIN: 200373385) is a nonprofit organization based in Bellevue, WA, classified under NTEE code B99. The organization reported total revenue of $539K and total assets of $227K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heritage Homeschool Co Op's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heritage Homeschool Co Op is a small nonprofit that has been operating for 17 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 11.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $522K |
| Total Expenses | $491K |
| Surplus / Deficit | +$31K |
| Total Assets | $221K |
| Net Assets | $221K |
| Operating Margin | 6.0% |
| Months of Reserves | 5.4 months |
Financial Health Grade: A
In 2024, Heritage Homeschool Co Op reported a surplus of $31K with revenue exceeding expenses, holds 5.4 months of operating reserves (adequate).
Financial Trends
Over 14 years of filings (2011–2024), Heritage Homeschool Co Op's revenue has grown at a compound annual growth rate (CAGR) of 11.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +16.6% | +8.5% | +16.6% |
| 2023 | -0.1% | +22.7% | -2.3% |
| 2022 | +444.5% | +89.6% | +70.3% |
| 2021 | -81.9% | -52.1% | -49.6% |
| 2020 | -6.0% | -25.6% | +28.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Heritage Homeschool Co Op with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Heritage Homeschool Co Op allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $31K, with revenue exceeding expenses.
Executive Compensation Analysis
Heritage Homeschool Co Op consistently reports 0% officer compensation across all available filings, indicating that no executives or officers are paid, which is highly unusual and suggests a volunteer-led or very lean operational structure for an organization with over $500,000 in annual revenue.
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.
Strengths
The following positive indicators were identified for Heritage Homeschool Co Op:
- Consistent reporting of 0% officer compensation, indicating high efficiency and dedication to mission.
- Strong financial health with a positive net asset position and no reported liabilities in recent years.
- Consistent growth in assets, from $88,751 in 2015 to $220,812 in 2024, demonstrating prudent financial management.
- High transparency with 14 IRS 990 filings available, showing a long history of financial reporting.
- Resilient revenue recovery after a dip in 2021, indicating strong community support and operational adaptability.
Frequently Asked Questions about Heritage Homeschool Co Op
Is Heritage Homeschool Co Op a legitimate charity?
Heritage Homeschool Co Op (EIN: 200373385) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 92/100. It has 14 years of IRS 990 filings on record. Total revenue: $539K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Heritage Homeschool Co Op spend its money?
Heritage Homeschool Co Op directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Heritage Homeschool Co Op tax-deductible?
Heritage Homeschool Co Op is registered as a tax-exempt nonprofit (EIN: 200373385). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Heritage Homeschool Co Op CEO make?
Heritage Homeschool Co Op's highest-compensated officer earns $500,000 annually. The organization reported $539K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Heritage Homeschool Co Op's spending goes to programs?
Heritage Homeschool Co Op directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Heritage Homeschool Co Op compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Heritage Homeschool Co Op is above average for NTEE category B99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Heritage Homeschool Co Op located?
Heritage Homeschool Co Op is headquartered in Bellevue, Washington and files with the IRS under EIN 200373385. It is classified under NTEE code B99.
How many years of IRS 990 filings does Heritage Homeschool Co Op have?
Heritage Homeschool Co Op has 14 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 $539K in total revenue.
Is Heritage Homeschool Co Op a good charity?
Based on the provided financial data, Heritage Homeschool Co Op appears to be a very good charity. They consistently report zero officer compensation, maintain a healthy asset base with no liabilities, and have a strong history of financial transparency through regular IRS 990 filings. Their financial practices suggest a high dedication to their mission.
How has Heritage Homeschool Co Op's revenue trended over time?
Heritage Homeschool Co Op's revenue has shown significant growth and some fluctuations. It grew from $221,108 in 2015 to a peak of $485,273 in 2019, experienced a dip to $82,376 in 2021, and has since recovered strongly to $522,309 in 2024, indicating resilience and renewed growth.
What is the organization's approach to executive compensation?
The organization's approach to executive compensation is highly conservative, as they consistently report 0% officer compensation across all 14 available filings. This indicates that no salaries or other forms of compensation are paid to their officers or executives, which is a significant strength for a nonprofit.
Does Heritage Homeschool Co Op have any financial liabilities?
Heritage Homeschool Co Op has reported $0 in liabilities in its most recent filings (2018-2024). In earlier years, minor liabilities were reported (e.g., $86 in 2019, $5,439 in 2017), but the current trend shows a strong financial position with no outstanding debts.
Filing History
IRS 990 filing history for Heritage Homeschool Co Op showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Heritage Homeschool Co Op's revenue has grown by 315.6%, moving from $126K to $522K. Total assets increased by 847.4% over the same period, from $23K to $221K. Total functional expenses rose by 316.5%, from $118K to $491K. In its most recent filing year (2024), Heritage Homeschool Co Op reported a surplus of $31K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $522K | $491K | $221K | $0 | — | — |
| 2023 | $448K | $452K | $189K | $0 | — | — |
| 2022 | $449K | $369K | $194K | $0 | — | View 990 |
| 2021 | $82K | $194K | $114K | $0 | — | — |
| 2020 | $456K | $406K | $226K | $0 | — | View 990 |
| 2019 | $485K | $546K | $176K | $86 | — | View 990 |
| 2018 | $469K | $358K | $236K | $0 | — | View 990 |
| 2017 | $284K | $260K | $130K | $5K | — | View 990 |
| 2016 | $262K | $242K | $107K | $7K | — | View 990 |
| 2015 | $221K | $196K | $89K | $8K | — | View 990 |
| 2014 | $217K | $200K | $62K | $6K | — | View 990 |
| 2013 | $183K | $175K | $45K | $7K | — | View 990 |
| 2012 | $153K | $145K | $31K | $0 | — | View 990 |
| 2011 | $126K | $118K | $23K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $522K, expenses of $491K, and assets of $221K (revenue +16.6% year-over-year).
- 2023: Revenue of $448K, expenses of $452K, and assets of $189K (revenue -0.1% year-over-year).
- 2022: Revenue of $449K, expenses of $369K, and assets of $194K (revenue +444.5% year-over-year).
- 2021: Revenue of $82K, expenses of $194K, and assets of $114K (revenue -81.9% year-over-year).
- 2020: Revenue of $456K, expenses of $406K, and assets of $226K (revenue -6.0% year-over-year).
- 2019: Revenue of $485K, expenses of $546K, and assets of $176K (revenue +3.5% year-over-year).
- 2018: Revenue of $469K, expenses of $358K, and assets of $236K (revenue +65.0% year-over-year).
- 2017: Revenue of $284K, expenses of $260K, and assets of $130K (revenue +8.6% year-over-year).
- 2016: Revenue of $262K, expenses of $242K, and assets of $107K (revenue +18.3% year-over-year).
- 2015: Revenue of $221K, expenses of $196K, and assets of $89K (revenue +1.9% year-over-year).
- 2014: Revenue of $217K, expenses of $200K, and assets of $62K (revenue +18.8% year-over-year).
- 2013: Revenue of $183K, expenses of $175K, and assets of $45K (revenue +19.7% year-over-year).
- 2012: Revenue of $153K, expenses of $145K, and assets of $31K (revenue +21.4% year-over-year).
- 2011: Revenue of $126K, expenses of $118K, and assets of $23K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heritage Homeschool Co Op:
Data Sources and Methodology
This transparency report for Heritage Homeschool Co Op 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.