Niagara Falls National Heritage Area Inc
EIN: 461240940 · Niagara Univ, NY · NTEE: C60
| Metric | Value |
|---|---|
| Total Revenue | $3.1M |
| Total Expenses | $1.6M |
| Net Assets | $675K |
Is Niagara Falls National Heritage Area Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Niagara Falls National Heritage Area Inc
Niagara Falls National Heritage Area Inc (EIN: 461240940) is a nonprofit organization based in Niagara Univ, NY, classified under NTEE code C60. The organization reported total revenue of $3.1M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Niagara Falls National Heritage Area Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Niagara Falls National Heritage Area Inc is a mid-size nonprofit that has been operating for 13 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 53.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.6M |
| Surplus / Deficit | $-90,461 |
| Total Assets | $1.3M |
| Total Liabilities | $576K |
| Net Assets | $675K |
| Operating Margin | -5.9% |
| Debt-to-Asset Ratio | 46.0% |
| Months of Reserves | 9.3 months |
Financial Health Grade: B
In 2023, Niagara Falls National Heritage Area Inc reported a deficit of $90K with expenses exceeding revenue, holds 9.3 months of operating reserves (strong position), has a debt-to-asset ratio of 46.0% (moderate leverage).
Financial Trends
Over 11 years of filings (2013–2023), Niagara Falls National Heritage Area Inc's revenue has grown at a compound annual growth rate (CAGR) of 53.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.7% | +15.2% | +49.2% |
| 2022 | -18.1% | +25.8% | -12.9% |
| 2021 | +65.4% | +64.7% | +57.8% |
| 2020 | -15.5% | -40.2% | +59.3% |
| 2019 | +10.7% | +6.9% | +37.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Niagara Falls National Heritage Area 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 Niagara Falls National Heritage Area 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 deficit of $90K, with expenses exceeding revenue.
- Debt-to-asset ratio: 46.0%.
Frequently Asked Questions about Niagara Falls National Heritage Area Inc
Is Niagara Falls National Heritage Area Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Niagara Falls National Heritage Area Inc (EIN: 461240940) insufficient data. 0 red flags identified, 0 strengths noted.
How does Niagara Falls National Heritage Area Inc spend its money?
Detailed spending breakdown data is not yet available for Niagara Falls National Heritage Area Inc. Check back for updated IRS 990 analysis.
Are donations to Niagara Falls National Heritage Area Inc tax-deductible?
Niagara Falls National Heritage Area Inc is registered as a tax-exempt nonprofit (EIN: 461240940). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Niagara Falls National Heritage Area Inc located?
Niagara Falls National Heritage Area Inc is headquartered in Niagara Univ, New York and files with the IRS under EIN 461240940. It is classified under NTEE code C60.
How many years of IRS 990 filings does Niagara Falls National Heritage Area Inc have?
Niagara Falls National Heritage Area Inc has 11 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 $3.1M in total revenue.
Filing History
IRS 990 filing history for Niagara Falls National Heritage Area Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Niagara Falls National Heritage Area Inc's revenue has grown by 7136.8%, moving from $21K to $1.5M. Total assets increased by 390% over the same period, from $255K to $1.3M. Total functional expenses rose by 9748.6%, from $16K to $1.6M. In its most recent filing year (2023), Niagara Falls National Heritage Area Inc reported a deficit of $90K, with expenses exceeding revenue. The organization holds $576K in liabilities against $1.3M in assets (debt-to-asset ratio: 46.0%), resulting in net assets of $675K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.6M | $1.3M | $576K | — | — |
| 2022 | $1.3M | $1.4M | $839K | $73K | — | — |
| 2021 | $1.6M | $1.1M | $962K | $79K | — | View 990 |
| 2020 | $949K | $678K | $610K | $180K | — | — |
| 2019 | $1.1M | $1.1M | $383K | $225K | — | View 990 |
| 2018 | $1.0M | $1.1M | $279K | $111K | — | View 990 |
| 2017 | $1.1M | $1.1M | $385K | $171K | — | View 990 |
| 2016 | $1.2M | $1.1M | $396K | $196K | — | View 990 |
| 2015 | $311K | $244K | $397K | $286K | — | View 990 |
| 2014 | $268K | $228K | $342K | $297K | — | View 990 |
| 2013 | $21K | $16K | $255K | $251K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.6M, and assets of $1.3M (revenue +18.7% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.4M, and assets of $839K (revenue -18.1% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.1M, and assets of $962K (revenue +65.4% year-over-year).
- 2020: Revenue of $949K, expenses of $678K, and assets of $610K (revenue -15.5% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.1M, and assets of $383K (revenue +10.7% year-over-year).
- 2018: Revenue of $1.0M, expenses of $1.1M, and assets of $279K (revenue -5.9% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.1M, and assets of $385K (revenue -6.4% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.1M, and assets of $396K (revenue +270.1% year-over-year).
- 2015: Revenue of $311K, expenses of $244K, and assets of $397K (revenue +16.0% year-over-year).
- 2014: Revenue of $268K, expenses of $228K, and assets of $342K (revenue +1171.1% year-over-year).
- 2013: Revenue of $21K, expenses of $16K, and assets of $255K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Niagara Falls National Heritage Area Inc:
Data Sources and Methodology
This transparency report for Niagara Falls National Heritage Area 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.