Arts, Culture & Humanities
(A82Z)
IRS Verified
DX Registered
990 on File
HERITAGE FARMSTEAD ASSOCIATION
Financial strength (30%)
84/100
Reliability (20%)
55/100
Effectiveness (25%)
81/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
The Heritage Farmstead Museum explores the unique farming story and family history associated with the historic Farrell-Wilson house, as well as preserves its buildings, grounds, and collections through acquiring, preserving, teaching, and exhibiting the historical treasures associated with the rich heritage and history of Plano, Texas.
Financial Overview — FY 2024
$1.2M
Total Revenue
$920K
Total Expenses
$1.5M
Net Assets
14
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
81.3%
Fundraising Efficiency
82.1%
Operating Reserve
19.37x
Liability-to-Asset
5.3%
Revenue Diversification
66.9%
Executive Compensation
$125K
Compared with Peers
FY 2024
Compared with 12,711 similar organizations
(United States, Arts, Culture & Humanities, $100K–$1M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
81.3% | 82.0% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
16.1% | 14.1% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
2.6% | 0.0% |
P10P90
|
Below median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
82.1% | 28.2% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
19.4 mo | 9.8 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
5.3% | 1.8% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
66.9% | 79.8% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
21.8% | 8.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
5.1% | 8.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
22.4% | 1.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $1.2M | $920K | $1.5M | 81.3% | 14 |
| 2023 | $974K | $875K | $1.2M | 83.6% | 14 |
| 2022 | $924K | $839K | $1.1M | 78.2% | 7 |
| 2021 | $792K | $658K | N/A | — | 7 |
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