Heronfield Academy
Heronfield Academy consistently generates surpluses and has zero reported officer compensation.
EIN: 202291270 · Hampton Falls, NH · NTEE: B240 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $2.5M |
| Program Spending | 90% |
| Net Assets | $3.5M |
| Transparency Score | 95/100 |
Is Heronfield Academy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Heronfield Academy directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Heronfield Academy
Heronfield Academy (EIN: 202291270) is a nonprofit organization based in Hampton Falls, NH, classified under NTEE code B240. The organization reported total revenue of $2.9M and total assets of $5.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heronfield Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heronfield Academy is a mid-size nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 8.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $2.5M |
| Surplus / Deficit | +$346K |
| Total Assets | $5.1M |
| Total Liabilities | $1.6M |
| Net Assets | $3.5M |
| Operating Margin | 12.1% |
| Debt-to-Asset Ratio | 31.4% |
| Months of Reserves | 24.5 months |
Financial Health Grade: A
In 2024, Heronfield Academy reported a surplus of $346K with revenue exceeding expenses, holds 24.5 months of operating reserves (strong position), has a debt-to-asset ratio of 31.4% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Heronfield Academy's revenue has grown at a compound annual growth rate (CAGR) of 8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +10.8% | +2.9% | +4.6% |
| 2023 | +1.0% | +8.6% | +4.6% |
| 2022 | -10.5% | -6.0% | +3.2% |
| 2021 | +32.4% | +13.0% | +7.3% |
| 2020 | -5.5% | -2.3% | +5.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Heronfield Academy 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Heronfield Academy 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 $346K, with revenue exceeding expenses.
- Debt-to-asset ratio: 31.4%.
Executive Compensation Analysis
Heronfield Academy consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers or that compensation is covered by other means not classified as officer compensation, which is highly unusual for an organization of its size and revenue, suggesting a strong dedication of resources to its mission.
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.
Red Flags
The following concerns were identified during AI analysis of Heronfield Academy's IRS 990 filings:
- Unusually low or zero reported officer compensation, which may obscure how leadership is compensated or sustained.
Strengths
The following positive indicators were identified for Heronfield Academy:
- Consistent financial surpluses, indicating sound financial management.
- Steady growth in assets over the past decade, from $3.03M in 201506 to $5.10M in 202406.
- Zero reported officer compensation across all filings, suggesting high efficiency in directing funds to programs.
- Revenue consistently exceeds expenses, demonstrating financial stability.
Frequently Asked Questions about Heronfield Academy
Is Heronfield Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Heronfield Academy (EIN: 202291270) some concerns. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
How does Heronfield Academy spend its money?
Heronfield Academy directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Heronfield Academy tax-deductible?
Heronfield Academy is registered as a tax-exempt nonprofit (EIN: 202291270). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Heronfield Academy's spending goes to programs?
Heronfield Academy directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Heronfield Academy compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Heronfield Academy is above average for NTEE category B240 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Heronfield Academy located?
Heronfield Academy is headquartered in Hampton Falls, New Hampshire and files with the IRS under EIN 202291270. It is classified under NTEE code B240.
How many years of IRS 990 filings does Heronfield Academy have?
Heronfield Academy 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 $2.9M in total revenue.
Is Heronfield Academy a good charity?
Based on its consistent financial surpluses, growing assets, and zero reported officer compensation, Heronfield Academy appears to be a financially well-managed and efficient organization, suggesting it is a good charity in terms of financial stewardship.
How does Heronfield Academy manage to report 0% officer compensation?
The consistent reporting of 0% officer compensation is highly unusual for an organization of its size. This could mean that officers are volunteers, compensated through a related entity, or that compensation is categorized differently in their filings. Further investigation into their specific compensation practices would be beneficial for full clarity.
What is the trend in Heronfield Academy's financial health?
Heronfield Academy shows a positive financial trend, with revenues generally exceeding expenses, leading to consistent surpluses and growth in assets from $3,031,798 in 201506 to $5,102,684 in 202406.
Filing History
IRS 990 filing history for Heronfield Academy showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Heronfield Academy's revenue has grown by 183.4%, moving from $1.0M to $2.8M. Total assets increased by 712.1% over the same period, from $628K to $5.1M. Total functional expenses rose by 169.8%, from $928K to $2.5M. In its most recent filing year (2024), Heronfield Academy reported a surplus of $346K, with revenue exceeding expenses. The organization holds $1.6M in liabilities against $5.1M in assets (debt-to-asset ratio: 31.4%), resulting in net assets of $3.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.8M | $2.5M | $5.1M | $1.6M | — | View 990 |
| 2023 | $2.6M | $2.4M | $4.9M | $1.7M | — | View 990 |
| 2022 | $2.5M | $2.2M | $4.7M | $1.6M | — | View 990 |
| 2021 | $2.8M | $2.4M | $4.5M | $1.8M | — | View 990 |
| 2020 | $2.1M | $2.1M | $4.2M | $2.0M | — | View 990 |
| 2019 | $2.3M | $2.2M | $4.0M | $1.8M | — | View 990 |
| 2018 | $2.4M | $2.1M | $3.9M | $1.8M | — | View 990 |
| 2017 | $2.5M | $2.0M | $3.9M | $2.0M | — | View 990 |
| 2016 | $1.8M | $1.6M | $3.3M | $2.0M | — | View 990 |
| 2015 | $1.9M | $1.5M | $3.0M | $1.9M | — | View 990 |
| 2014 | $1.5M | $1.4M | $1.1M | $387K | — | View 990 |
| 2013 | $1.4M | $1.3M | $884K | $293K | — | View 990 |
| 2012 | $1.3M | $1.2M | $830K | $356K | — | View 990 |
| 2011 | $1.0M | $928K | $628K | $234K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.8M, expenses of $2.5M, and assets of $5.1M (revenue +10.8% year-over-year).
- 2023: Revenue of $2.6M, expenses of $2.4M, and assets of $4.9M (revenue +1.0% year-over-year).
- 2022: Revenue of $2.5M, expenses of $2.2M, and assets of $4.7M (revenue -10.5% year-over-year).
- 2021: Revenue of $2.8M, expenses of $2.4M, and assets of $4.5M (revenue +32.4% year-over-year).
- 2020: Revenue of $2.1M, expenses of $2.1M, and assets of $4.2M (revenue -5.5% year-over-year).
- 2019: Revenue of $2.3M, expenses of $2.2M, and assets of $4.0M (revenue -4.3% year-over-year).
- 2018: Revenue of $2.4M, expenses of $2.1M, and assets of $3.9M (revenue -3.4% year-over-year).
- 2017: Revenue of $2.5M, expenses of $2.0M, and assets of $3.9M (revenue +35.9% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.6M, and assets of $3.3M (revenue -5.2% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.5M, and assets of $3.0M (revenue +25.1% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.4M, and assets of $1.1M (revenue +8.6% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.3M, and assets of $884K (revenue +4.7% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.2M, and assets of $830K (revenue +33.5% year-over-year).
- 2011: Revenue of $1.0M, expenses of $928K, and assets of $628K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heronfield Academy:
Data Sources and Methodology
This transparency report for Heronfield Academy 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.