Heritage Public Library Inc
EIN: 521253687 · New Kent, VA
| Metric | Value |
|---|---|
| Total Revenue | $544K |
| Total Expenses | $497K |
| Net Assets | $173K |
Is Heritage Public Library Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Heritage Public Library Inc
Heritage Public Library Inc (EIN: 521253687) is a nonprofit organization based in New Kent, VA. The organization reported total revenue of $544K and total assets of $173K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heritage Public Library Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heritage Public Library Inc is a small nonprofit that has been operating for 44 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $544K |
| Total Expenses | $497K |
| Surplus / Deficit | +$48K |
| Total Assets | $173K |
| Net Assets | $173K |
| Operating Margin | 8.8% |
| Months of Reserves | 4.2 months |
Financial Health Grade: A
In 2024, Heritage Public Library Inc reported a surplus of $48K with revenue exceeding expenses, holds 4.2 months of operating reserves (adequate).
Financial Trends
Over 14 years of filings (2011–2024), Heritage Public Library Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -1.1% | -3.1% | +38.1% |
| 2023 | +24.0% | +3.8% | +43.2% |
| 2022 | -6.2% | +5.0% | -36.4% |
| 2021 | +8.4% | +4.8% | +1.7% |
| 2020 | +9.6% | +20.5% | +48.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1982 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Heritage Public Library Inc 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 Public Library Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $48K, with revenue exceeding expenses.
Frequently Asked Questions about Heritage Public Library Inc
Is Heritage Public Library Inc a legitimate charity?
Heritage Public Library Inc (EIN: 521253687) is a registered tax-exempt nonprofit based in Virginia. It has 14 years of IRS 990 filings on record. Total revenue: $544K. No red flags identified. Financial health grade: A.
How does Heritage Public Library Inc spend its money?
Heritage Public Library Inc reported $544K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Heritage Public Library Inc tax-deductible?
Heritage Public Library Inc is registered as a tax-exempt nonprofit (EIN: 521253687). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Heritage Public Library Inc located?
Heritage Public Library Inc is headquartered in New Kent, Virginia and files with the IRS under EIN 521253687.
How many years of IRS 990 filings does Heritage Public Library Inc have?
Heritage Public Library Inc 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 $544K in total revenue.
Filing History
IRS 990 filing history for Heritage Public Library Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Heritage Public Library Inc's revenue has grown by 55.9%, moving from $349K to $544K. Total assets increased by 155.4% over the same period, from $68K to $173K. Total functional expenses rose by 34.3%, from $370K to $497K. In its most recent filing year (2024), Heritage Public Library Inc reported a surplus of $48K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $544K | $497K | $173K | $0 | — | — |
| 2023 | $550K | $512K | $125K | $0 | — | View 990 |
| 2022 | $444K | $494K | $87K | $0 | — | View 990 |
| 2021 | $473K | $470K | $137K | $0 | — | — |
| 2020 | $437K | $449K | $135K | $56K | — | View 990 |
| 2019 | $398K | $372K | $91K | $0 | — | View 990 |
| 2018 | $352K | $351K | $66K | $514 | — | — |
| 2017 | $373K | $372K | $65K | $600 | — | View 990 |
| 2016 | $380K | $393K | $64K | $0 | — | View 990 |
| 2015 | $386K | $382K | $77K | $0 | — | View 990 |
| 2014 | $379K | $358K | $73K | $276 | — | View 990 |
| 2013 | $350K | $353K | $56K | $5K | — | View 990 |
| 2012 | $347K | $360K | $61K | $6K | — | View 990 |
| 2011 | $349K | $370K | $68K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $544K, expenses of $497K, and assets of $173K (revenue -1.1% year-over-year).
- 2023: Revenue of $550K, expenses of $512K, and assets of $125K (revenue +24.0% year-over-year).
- 2022: Revenue of $444K, expenses of $494K, and assets of $87K (revenue -6.2% year-over-year).
- 2021: Revenue of $473K, expenses of $470K, and assets of $137K (revenue +8.4% year-over-year).
- 2020: Revenue of $437K, expenses of $449K, and assets of $135K (revenue +9.6% year-over-year).
- 2019: Revenue of $398K, expenses of $372K, and assets of $91K (revenue +13.3% year-over-year).
- 2018: Revenue of $352K, expenses of $351K, and assets of $66K (revenue -5.7% year-over-year).
- 2017: Revenue of $373K, expenses of $372K, and assets of $65K (revenue -1.9% year-over-year).
- 2016: Revenue of $380K, expenses of $393K, and assets of $64K (revenue -1.5% year-over-year).
- 2015: Revenue of $386K, expenses of $382K, and assets of $77K (revenue +1.8% year-over-year).
- 2014: Revenue of $379K, expenses of $358K, and assets of $73K (revenue +8.3% year-over-year).
- 2013: Revenue of $350K, expenses of $353K, and assets of $56K (revenue +1.0% year-over-year).
- 2012: Revenue of $347K, expenses of $360K, and assets of $61K (revenue -0.7% year-over-year).
- 2011: Revenue of $349K, expenses of $370K, and assets of $68K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heritage Public Library Inc:
Data Sources and Methodology
This transparency report for Heritage Public Library Inc 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.