Heritage Works
EIN: 383581720 · Detroit, MI · NTEE: A62
| Metric | Value |
|---|---|
| Total Revenue | $256K |
| Total Expenses | $581K |
| Net Assets | $603K |
Is Heritage Works Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Heritage Works
Heritage Works (EIN: 383581720) is a nonprofit organization based in Detroit, MI, classified under NTEE code A62. The organization reported total revenue of $256K and total assets of $217K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heritage Works's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heritage Works is a small nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 10.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $469K |
| Total Expenses | $581K |
| Surplus / Deficit | $-112,423 |
| Total Assets | $643K |
| Total Liabilities | $40K |
| Net Assets | $603K |
| Operating Margin | -24.0% |
| Debt-to-Asset Ratio | 6.2% |
| Months of Reserves | 13.3 months |
Financial Health Grade: B
In 2023, Heritage Works reported a deficit of $112K with expenses exceeding revenue, holds 13.3 months of operating reserves (strong position), has a debt-to-asset ratio of 6.2% (very low leverage).
Financial Trends
Over 13 years of filings (2010–2023), Heritage Works's revenue has grown at a compound annual growth rate (CAGR) of 10.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -32.4% | +45.5% | +14.2% |
| 2021 | +148.0% | +46.2% | +133.8% |
| 2020 | -15.7% | -39.5% | +1.1% |
| 2019 | -0.7% | -10.4% | -35.2% |
| 2018 | -50.8% | +75.5% | -33.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Heritage Works 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 Works 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 deficit of $112K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.2%.
Frequently Asked Questions about Heritage Works
Is Heritage Works a legitimate charity?
Heritage Works (EIN: 383581720) is a registered tax-exempt nonprofit based in Michigan. It has 13 years of IRS 990 filings on record. Total revenue: $256K. No red flags identified. Financial health grade: B.
How does Heritage Works spend its money?
Heritage Works reported $256K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Heritage Works tax-deductible?
Heritage Works is registered as a tax-exempt nonprofit (EIN: 383581720). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Heritage Works located?
Heritage Works is headquartered in Detroit, Michigan and files with the IRS under EIN 383581720. It is classified under NTEE code A62.
How many years of IRS 990 filings does Heritage Works have?
Heritage Works has 13 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 $256K in total revenue.
Filing History
IRS 990 filing history for Heritage Works showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2023), Heritage Works's revenue has grown by 246.5%, moving from $135K to $469K. Total assets increased by 12486.6% over the same period, from $5K to $643K. Total functional expenses rose by 248.4%, from $167K to $581K. In its most recent filing year (2023), Heritage Works reported a deficit of $112K, with expenses exceeding revenue. The organization holds $40K in liabilities against $643K in assets (debt-to-asset ratio: 6.2%), resulting in net assets of $603K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $469K | $581K | $643K | $40K | — | — |
| 2021 | $693K | $399K | $563K | $32K | — | View 990 |
| 2020 | $279K | $273K | $241K | $3K | — | View 990 |
| 2019 | $331K | $452K | $238K | $7K | — | — |
| 2018 | $333K | $504K | $368K | $15K | — | View 990 |
| 2017 | $677K | $287K | $556K | $24K | — | View 990 |
| 2016 | $326K | $390K | $101K | $16K | — | View 990 |
| 2015 | $490K | $440K | $153K | $4K | — | View 990 |
| 2014 | $360K | $282K | $105K | $6K | — | View 990 |
| 2013 | $160K | $287K | $27K | $5K | — | View 990 |
| 2012 | $281K | $245K | $155K | $6K | — | View 990 |
| 2011 | $190K | $132K | $62K | $429 | — | View 990 |
| 2010 | $135K | $167K | $5K | $830 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $469K, expenses of $581K, and assets of $643K (revenue -32.4% year-over-year).
- 2021: Revenue of $693K, expenses of $399K, and assets of $563K (revenue +148.0% year-over-year).
- 2020: Revenue of $279K, expenses of $273K, and assets of $241K (revenue -15.7% year-over-year).
- 2019: Revenue of $331K, expenses of $452K, and assets of $238K (revenue -0.7% year-over-year).
- 2018: Revenue of $333K, expenses of $504K, and assets of $368K (revenue -50.8% year-over-year).
- 2017: Revenue of $677K, expenses of $287K, and assets of $556K (revenue +107.8% year-over-year).
- 2016: Revenue of $326K, expenses of $390K, and assets of $101K (revenue -33.5% year-over-year).
- 2015: Revenue of $490K, expenses of $440K, and assets of $153K (revenue +36.3% year-over-year).
- 2014: Revenue of $360K, expenses of $282K, and assets of $105K (revenue +125.0% year-over-year).
- 2013: Revenue of $160K, expenses of $287K, and assets of $27K (revenue -43.1% year-over-year).
- 2012: Revenue of $281K, expenses of $245K, and assets of $155K (revenue +48.2% year-over-year).
- 2011: Revenue of $190K, expenses of $132K, and assets of $62K (revenue +40.2% year-over-year).
- 2010: Revenue of $135K, expenses of $167K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heritage Works:
Data Sources and Methodology
This transparency report for Heritage Works 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.