Herko Family Mission Fund Inc
EIN: 611098733 · Nicholasville, KY
| Metric | Value |
|---|---|
| Total Revenue | $183K |
| Total Expenses | $164K |
| Net Assets | $255K |
Is Herko Family Mission Fund Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Herko Family Mission Fund Inc
Herko Family Mission Fund Inc (EIN: 611098733) is a nonprofit organization based in Nicholasville, KY. The organization reported total revenue of $183K and total assets of $287K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Herko Family Mission Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Herko Family Mission Fund Inc is a small nonprofit that has been operating for 40 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $173K |
| Total Expenses | $164K |
| Surplus / Deficit | +$9K |
| Total Assets | $257K |
| Total Liabilities | $2K |
| Net Assets | $255K |
| Operating Margin | 5.1% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 18.8 months |
Financial Health Grade: A
In 2023, Herko Family Mission Fund Inc reported a surplus of $9K with revenue exceeding expenses, holds 18.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Herko Family Mission Fund Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.1% | +7.2% | +1.7% |
| 2022 | +4.4% | +16.1% | +29.3% |
| 2021 | +8.6% | -39.0% | +32.3% |
| 2020 | -9.5% | +6.7% | -10.5% |
| 2019 | +13.7% | +28.7% | -0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Herko Family Mission Fund 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 Herko Family Mission Fund 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $9K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.7%.
Frequently Asked Questions about Herko Family Mission Fund Inc
Is Herko Family Mission Fund Inc a legitimate charity?
Herko Family Mission Fund Inc (EIN: 611098733) is a registered tax-exempt nonprofit based in Kentucky. It has 14 years of IRS 990 filings on record. Total revenue: $183K. No red flags identified. Financial health grade: A.
How does Herko Family Mission Fund Inc spend its money?
Herko Family Mission Fund Inc reported $183K 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 Herko Family Mission Fund Inc tax-deductible?
Herko Family Mission Fund Inc is registered as a tax-exempt nonprofit (EIN: 611098733). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Herko Family Mission Fund Inc located?
Herko Family Mission Fund Inc is headquartered in Nicholasville, Kentucky and files with the IRS under EIN 611098733.
How many years of IRS 990 filings does Herko Family Mission Fund Inc have?
Herko Family Mission Fund 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 $183K in total revenue.
Filing History
IRS 990 filing history for Herko Family Mission Fund Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Herko Family Mission Fund Inc's revenue has declined by 28.9%, moving from $243K to $173K. Total assets increased by 234.1% over the same period, from $77K to $257K. Total functional expenses fell by 39.3%, from $271K to $164K. In its most recent filing year (2023), Herko Family Mission Fund Inc reported a surplus of $9K, with revenue exceeding expenses. The organization holds $2K in liabilities against $257K in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $255K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $173K | $164K | $257K | $2K | — | View 990 |
| 2022 | $206K | $153K | $253K | $6K | — | View 990 |
| 2021 | $198K | $132K | $195K | $2K | — | — |
| 2020 | $182K | $217K | $148K | $20K | — | — |
| 2019 | $201K | $203K | $165K | $3K | — | View 990 |
| 2018 | $177K | $158K | $165K | $2K | — | View 990 |
| 2017 | $216K | $207K | $145K | $566 | — | View 990 |
| 2016 | $90K | $96K | $136K | $1K | — | View 990 |
| 2015 | $198K | $230K | $141K | $465 | — | View 990 |
| 2014 | $218K | $214K | $177K | $5K | — | View 990 |
| 2013 | $253K | $196K | $172K | $3K | — | View 990 |
| 2012 | $204K | $190K | $143K | $31K | — | View 990 |
| 2011 | $208K | $184K | $104K | $6K | — | View 990 |
| 2010 | $243K | $271K | $77K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $173K, expenses of $164K, and assets of $257K (revenue -16.1% year-over-year).
- 2022: Revenue of $206K, expenses of $153K, and assets of $253K (revenue +4.4% year-over-year).
- 2021: Revenue of $198K, expenses of $132K, and assets of $195K (revenue +8.6% year-over-year).
- 2020: Revenue of $182K, expenses of $217K, and assets of $148K (revenue -9.5% year-over-year).
- 2019: Revenue of $201K, expenses of $203K, and assets of $165K (revenue +13.7% year-over-year).
- 2018: Revenue of $177K, expenses of $158K, and assets of $165K (revenue -18.2% year-over-year).
- 2017: Revenue of $216K, expenses of $207K, and assets of $145K (revenue +140.6% year-over-year).
- 2016: Revenue of $90K, expenses of $96K, and assets of $136K (revenue -54.6% year-over-year).
- 2015: Revenue of $198K, expenses of $230K, and assets of $141K (revenue -9.1% year-over-year).
- 2014: Revenue of $218K, expenses of $214K, and assets of $177K (revenue -14.0% year-over-year).
- 2013: Revenue of $253K, expenses of $196K, and assets of $172K (revenue +24.0% year-over-year).
- 2012: Revenue of $204K, expenses of $190K, and assets of $143K (revenue -2.1% year-over-year).
- 2011: Revenue of $208K, expenses of $184K, and assets of $104K (revenue -14.4% year-over-year).
- 2010: Revenue of $243K, expenses of $271K, and assets of $77K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Herko Family Mission Fund Inc:
Data Sources and Methodology
This transparency report for Herko Family Mission Fund 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.