Heritage Master Cemetery Perpetual Care Trust Virginia
Cemetery Perpetual Care Trust maintains strong asset growth with minimal expenses and no officer compensation.
EIN: 202651528 · Orlando, FL · NTEE: Y50 · Updated: 2026-03-28
Is Heritage Master Cemetery Perpetual Care Trust Virginia Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Heritage Master Cemetery Perpetual Care Trust Virginia directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Heritage Master Cemetery Perpetual Care Trust Virginia
Heritage Master Cemetery Perpetual Care Trust Virginia (EIN: 202651528) is a nonprofit organization based in Orlando, FL, classified under NTEE code Y50. The organization reported total revenue of $3.0M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heritage Master Cemetery Perpetual Care Trust Virginia's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heritage Master Cemetery Perpetual Care Trust Virginia is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $185K |
| Total Expenses | $20K |
| Surplus / Deficit | +$164K |
| Total Assets | $1.9M |
| Net Assets | $1.9M |
| Operating Margin | 89.0% |
| Months of Reserves | 1129.5 months |
Financial Health Grade: A
In 2023, Heritage Master Cemetery Perpetual Care Trust Virginia reported a surplus of $164K with revenue exceeding expenses, holds 1129.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Heritage Master Cemetery Perpetual Care Trust Virginia's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +768.2% | -82.8% | -0.2% |
| 2022 | -92.0% | +4.5% | -4.8% |
| 2021 | +471.1% | -7.1% | +8.3% |
| 2020 | -64.5% | +90.8% | -3.7% |
| 2019 | +128.8% | +9.3% | +3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Master Cemetery Perpetual Care Trust Virginia with a Mission Score of 95 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Heritage Master Cemetery Perpetual Care Trust Virginia allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $164K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that no officers or key employees receive salaries from the trust, which is highly commendable for an organization of its size and purpose.
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 Master Cemetery Perpetual Care Trust Virginia:
- Consistent asset growth, with assets increasing from $1,786,484 in 2014 to $2,548,475 currently.
- Extremely low and stable operating expenses relative to its asset base and revenue, such as $20,234 in 2023.
- Zero officer compensation reported across all 13 filings, indicating high dedication of funds to the trust's mission.
- No reported liabilities in any filing period, demonstrating strong financial stability and risk management.
- High transparency with 13 IRS 990 filings available, showing consistent reporting.
Frequently Asked Questions about Heritage Master Cemetery Perpetual Care Trust Virginia
Is Heritage Master Cemetery Perpetual Care Trust Virginia a legitimate charity?
Based on AI analysis of IRS 990 filings, Heritage Master Cemetery Perpetual Care Trust Virginia (EIN: 202651528) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Heritage Master Cemetery Perpetual Care Trust Virginia spend its money?
Heritage Master Cemetery Perpetual Care Trust Virginia directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Heritage Master Cemetery Perpetual Care Trust Virginia tax-deductible?
Heritage Master Cemetery Perpetual Care Trust Virginia is registered as a tax-exempt nonprofit (EIN: 202651528). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Heritage Master Cemetery Perpetual Care Trust Virginia a good charity?
Yes, as a perpetual care trust, it demonstrates excellent financial health, efficiency, and transparency. Its consistent asset growth, minimal expenses, and zero officer compensation align well with its mission to ensure long-term care.
What is the primary purpose of this organization?
The organization's primary purpose, as indicated by its name and NTEE code (Y50 - Cemeteries & Burial Services), is to provide perpetual care for a cemetery, meaning it manages funds to ensure the long-term maintenance and upkeep of the cemetery.
How does the 'Latest Revenue' of $3,032,703 compare to historical trends?
The 'Latest Revenue' of $3,032,703 is an outlier compared to the historical annual revenues, which typically range from $21,271 to $265,364. This suggests a significant, potentially one-time, financial event or large contribution in the most recent period.
Filing History
IRS 990 filing history for Heritage Master Cemetery Perpetual Care Trust Virginia showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Heritage Master Cemetery Perpetual Care Trust Virginia's revenue has grown by 19.5%, moving from $155K to $185K. Total assets increased by 13.5% over the same period, from $1.7M to $1.9M. Total functional expenses fell by 71%, from $70K to $20K. In its most recent filing year (2023), Heritage Master Cemetery Perpetual Care Trust Virginia reported a surplus of $164K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $185K | $20K | $1.9M | $0 | — | View 990 |
| 2022 | $21K | $118K | $1.9M | $0 | — | View 990 |
| 2021 | $265K | $113K | $2.0M | $0 | — | View 990 |
| 2020 | $46K | $121K | $1.9M | $0 | — | — |
| 2019 | $131K | $63K | $1.9M | $0 | — | View 990 |
| 2018 | $57K | $58K | $1.9M | $0 | — | View 990 |
| 2017 | $96K | $52K | $1.9M | $0 | — | View 990 |
| 2016 | $60K | $67K | $1.8M | $0 | — | View 990 |
| 2015 | $101K | $68K | $1.8M | $0 | — | View 990 |
| 2014 | $89K | $46K | $1.8M | $0 | — | View 990 |
| 2013 | $86K | $61K | $1.7M | $0 | — | View 990 |
| 2012 | $118K | $77K | $1.7M | $0 | — | View 990 |
| 2011 | $155K | $70K | $1.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $185K, expenses of $20K, and assets of $1.9M (revenue +768.2% year-over-year).
- 2022: Revenue of $21K, expenses of $118K, and assets of $1.9M (revenue -92.0% year-over-year).
- 2021: Revenue of $265K, expenses of $113K, and assets of $2.0M (revenue +471.1% year-over-year).
- 2020: Revenue of $46K, expenses of $121K, and assets of $1.9M (revenue -64.5% year-over-year).
- 2019: Revenue of $131K, expenses of $63K, and assets of $1.9M (revenue +128.8% year-over-year).
- 2018: Revenue of $57K, expenses of $58K, and assets of $1.9M (revenue -40.7% year-over-year).
- 2017: Revenue of $96K, expenses of $52K, and assets of $1.9M (revenue +60.6% year-over-year).
- 2016: Revenue of $60K, expenses of $67K, and assets of $1.8M (revenue -40.4% year-over-year).
- 2015: Revenue of $101K, expenses of $68K, and assets of $1.8M (revenue +12.9% year-over-year).
- 2014: Revenue of $89K, expenses of $46K, and assets of $1.8M (revenue +3.7% year-over-year).
- 2013: Revenue of $86K, expenses of $61K, and assets of $1.7M (revenue -27.3% year-over-year).
- 2012: Revenue of $118K, expenses of $77K, and assets of $1.7M (revenue -23.4% year-over-year).
- 2011: Revenue of $155K, expenses of $70K, and assets of $1.7M.
Data Sources and Methodology
This transparency report for Heritage Master Cemetery Perpetual Care Trust Virginia 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.