Lyman Heritage Preservationfoundation Inc
Lyman Heritage Preservationfoundation Inc maintains strong asset base with minimal executive compensation and fluctuating but often low expense ratios.
EIN: 205540882 · Hartford, CT · NTEE: A80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $304K |
| Total Expenses | $26K |
| Program Spending | 90% |
| Net Assets | $564K |
| Transparency Score | 85/100 |
Is Lyman Heritage Preservationfoundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lyman Heritage Preservationfoundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lyman Heritage Preservationfoundation Inc
Lyman Heritage Preservationfoundation Inc (EIN: 205540882) is a nonprofit organization based in Hartford, CT, classified under NTEE code A80. The organization reported total revenue of $304K and total assets of $604K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lyman Heritage Preservationfoundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lyman Heritage Preservationfoundation Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $249K |
| Total Expenses | $26K |
| Surplus / Deficit | +$223K |
| Total Assets | $569K |
| Total Liabilities | $5K |
| Net Assets | $564K |
| Operating Margin | 89.5% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 260.3 months |
Financial Health Grade: A
In 2023, Lyman Heritage Preservationfoundation Inc reported a surplus of $223K with revenue exceeding expenses, holds 260.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lyman Heritage Preservationfoundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +291.2% | -61.8% | +88.2% |
| 2022 | -22.8% | +357.0% | -20.3% |
| 2021 | +45.7% | -46.8% | +18.4% |
| 2020 | -17.3% | -83.6% | +16.6% |
| 2019 | +7.3% | +638.0% | -22.2% |
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 Lyman Heritage Preservationfoundation Inc with a Mission Score of 85 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, Lyman Heritage Preservationfoundation Inc 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 $223K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.8%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for donor trust and resource allocation.
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 Lyman Heritage Preservationfoundation Inc's IRS 990 filings:
- Significant expense spikes in certain years (e.g., $172,235 in 2019 vs. $68,436 revenue; $317,367 in 2016 vs. $112,281 revenue) without detailed expense breakdown in provided data.
Strengths
The following positive indicators were identified for Lyman Heritage Preservationfoundation Inc:
- Consistent 0% officer compensation across all filings, indicating volunteer leadership or highly efficient administrative structure.
- Strong asset base, consistently exceeding $270,000 and reaching $604,222 in the latest period, providing financial stability.
- Very low expense ratio in recent years (e.g., 2023 expenses were only 10.5% of revenue), suggesting high program efficiency.
- Positive net income in most recent years, contributing to asset growth.
Frequently Asked Questions about Lyman Heritage Preservationfoundation Inc
Is Lyman Heritage Preservationfoundation Inc a legitimate charity?
Lyman Heritage Preservationfoundation Inc (EIN: 205540882) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $304K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Lyman Heritage Preservationfoundation Inc spend its money?
Lyman Heritage Preservationfoundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Lyman Heritage Preservationfoundation Inc tax-deductible?
Lyman Heritage Preservationfoundation Inc is registered as a tax-exempt nonprofit (EIN: 205540882). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Lyman Heritage Preservationfoundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Lyman Heritage Preservationfoundation Inc is above average for NTEE category A80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lyman Heritage Preservationfoundation Inc located?
Lyman Heritage Preservationfoundation Inc is headquartered in Hartford, Connecticut and files with the IRS under EIN 205540882. It is classified under NTEE code A80.
How many years of IRS 990 filings does Lyman Heritage Preservationfoundation Inc have?
Lyman Heritage Preservationfoundation Inc 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 $304K in total revenue.
Is Lyman Heritage Preservationfoundation Inc a good charity?
Based on the available data, Lyman Heritage Preservationfoundation Inc appears to be a good charity. It consistently reports 0% officer compensation, maintains a healthy asset base, and in recent years, has demonstrated very low expense ratios relative to revenue, suggesting efficient use of funds.
How does the organization manage its expenses?
The organization generally manages its expenses very efficiently. For example, in 2023, expenses were only $26,212 against $248,852 in revenue. However, there were periods like 2019 and 2016 where expenses significantly exceeded revenue, which might indicate large, infrequent project expenditures.
What is the trend in the organization's revenue?
The organization's revenue has been somewhat volatile, ranging from a low of $56,579 in 2020 to a high of $248,852 in 2023, and $303,688 in the latest reported period. This fluctuation suggests reliance on varying funding sources or project-specific grants.
Filing History
IRS 990 filing history for Lyman Heritage Preservationfoundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lyman Heritage Preservationfoundation Inc's revenue has grown by 153.4%, moving from $98K to $249K. Total assets increased by 17.1% over the same period, from $486K to $569K. Total functional expenses rose by 6.7%, from $25K to $26K. In its most recent filing year (2023), Lyman Heritage Preservationfoundation Inc reported a surplus of $223K, with revenue exceeding expenses. The organization holds $5K in liabilities against $569K in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $564K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $249K | $26K | $569K | $5K | — | — |
| 2022 | $64K | $69K | $302K | $0 | — | View 990 |
| 2021 | $82K | $15K | $379K | $4K | — | View 990 |
| 2020 | $57K | $28K | $320K | $6K | — | View 990 |
| 2019 | $68K | $172K | $275K | $0 | — | View 990 |
| 2018 | $64K | $23K | $353K | $0 | — | View 990 |
| 2017 | $66K | $60K | $359K | $750 | — | View 990 |
| 2016 | $112K | $317K | $332K | $0 | — | View 990 |
| 2015 | $79K | $71K | $537K | $0 | — | View 990 |
| 2014 | $66K | $25K | $564K | $0 | — | View 990 |
| 2013 | $72K | $95K | $533K | $0 | — | View 990 |
| 2012 | $49K | $28K | $536K | $0 | — | View 990 |
| 2011 | $98K | $25K | $486K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $249K, expenses of $26K, and assets of $569K (revenue +291.2% year-over-year).
- 2022: Revenue of $64K, expenses of $69K, and assets of $302K (revenue -22.8% year-over-year).
- 2021: Revenue of $82K, expenses of $15K, and assets of $379K (revenue +45.7% year-over-year).
- 2020: Revenue of $57K, expenses of $28K, and assets of $320K (revenue -17.3% year-over-year).
- 2019: Revenue of $68K, expenses of $172K, and assets of $275K (revenue +7.3% year-over-year).
- 2018: Revenue of $64K, expenses of $23K, and assets of $353K (revenue -2.6% year-over-year).
- 2017: Revenue of $66K, expenses of $60K, and assets of $359K (revenue -41.7% year-over-year).
- 2016: Revenue of $112K, expenses of $317K, and assets of $332K (revenue +42.0% year-over-year).
- 2015: Revenue of $79K, expenses of $71K, and assets of $537K (revenue +19.5% year-over-year).
- 2014: Revenue of $66K, expenses of $25K, and assets of $564K (revenue -7.5% year-over-year).
- 2013: Revenue of $72K, expenses of $95K, and assets of $533K (revenue +47.1% year-over-year).
- 2012: Revenue of $49K, expenses of $28K, and assets of $536K (revenue -50.4% year-over-year).
- 2011: Revenue of $98K, expenses of $25K, and assets of $486K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lyman Heritage Preservationfoundation Inc:
Data Sources and Methodology
This transparency report for Lyman Heritage Preservationfoundation 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.