William Cliff Heaton Jr Foundation Inc
EIN: 832012075 · Lyon, MS · NTEE: F22
Is William Cliff Heaton Jr Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About William Cliff Heaton Jr Foundation Inc
William Cliff Heaton Jr Foundation Inc (EIN: 832012075) is a nonprofit organization based in Lyon, MS, classified under NTEE code F22. The organization reported total revenue of $91K and total assets of $204K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of William Cliff Heaton Jr Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
William Cliff Heaton Jr Foundation Inc is a micro nonprofit that has been operating for 8 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of -1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $67K |
| Total Expenses | $42K |
| Surplus / Deficit | +$25K |
| Total Assets | $129K |
| Net Assets | $129K |
| Operating Margin | 37.6% |
| Months of Reserves | 36.7 months |
Financial Health Grade: A
In 2023, William Cliff Heaton Jr Foundation Inc reported a surplus of $25K with revenue exceeding expenses, holds 36.7 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2020–2023), William Cliff Heaton Jr Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -50.4% | -3.0% | +24.5% |
| 2022 | +88.1% | -38.6% | +877.8% |
| 2021 | +3.5% | -10.0% | +19.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for William Cliff Heaton Jr Foundation 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 William Cliff Heaton Jr Foundation 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 $25K, with revenue exceeding expenses.
Frequently Asked Questions about William Cliff Heaton Jr Foundation Inc
Is William Cliff Heaton Jr Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, William Cliff Heaton Jr Foundation Inc (EIN: 832012075) insufficient data. 0 red flags identified, 0 strengths noted.
How does William Cliff Heaton Jr Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for William Cliff Heaton Jr Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to William Cliff Heaton Jr Foundation Inc tax-deductible?
William Cliff Heaton Jr Foundation Inc is registered as a tax-exempt nonprofit (EIN: 832012075). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for William Cliff Heaton Jr Foundation Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), William Cliff Heaton Jr Foundation Inc's revenue has declined by 3.5%, moving from $70K to $67K. Total assets increased by 1352.7% over the same period, from $9K to $129K. Total functional expenses fell by 46.4%, from $78K to $42K. In its most recent filing year (2023), William Cliff Heaton Jr Foundation Inc reported a surplus of $25K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $67K | $42K | $129K | $0 | — | View 990 |
| 2022 | $136K | $43K | $103K | $0 | — | — |
| 2021 | $72K | $71K | $11K | $0 | — | — |
| 2020 | $70K | $78K | $9K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $67K, expenses of $42K, and assets of $129K (revenue -50.4% year-over-year).
- 2022: Revenue of $136K, expenses of $43K, and assets of $103K (revenue +88.1% year-over-year).
- 2021: Revenue of $72K, expenses of $71K, and assets of $11K (revenue +3.5% year-over-year).
- 2020: Revenue of $70K, expenses of $78K, and assets of $9K.
Data Sources and Methodology
This transparency report for William Cliff Heaton Jr Foundation 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.