Charity Search / INA AND LEWIS HEAFITZ CHARITABLE FOUNDATION
Philanthropy & Grantmaking (T20) 990 on File

INA AND LEWIS HEAFITZ CHARITABLE FOUNDATION

EIN: 26-0623896 · NEEDHAM, MA 02492-3197 · United States · FY 2024 Data
3 out of 5 44 / 100 Based on 2+ years of filings
Financial strength (30%) 71/100
Reliability (20%) 50/100
Effectiveness (25%) 51/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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CharityAI™ Score
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Financial Overview — FY 2024
$771K
Total Revenue
$422K
Total Expenses
$1.1M
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 97.3%
Fundraising Efficiency N/A
Operating Reserve 30.21x
Liability-to-Asset 11.5%
Revenue Diversification 92.7%
Executive Compensation $0
Compared with Peers
FY 2024
Compared with 16,645 similar organizations (United States, Philanthropy & Grantmaking, $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
97.3% 90.2%
P10P90
Above median
Operating reserve
Months of expenses covered by net assets · higher is better
30.2 mo 95.2 mo
P10P90
Below median
Liabilities to assets
Total liabilities / total assets · lower is better
11.5% 0.0%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
92.7% 90.4%
P10P90
Below median
Revenue growth
Year over year revenue growth
304.9% 18.5%
P10P90
Expense growth
Year over year expense growth
-21.5% 6.7%
P10P90
Surplus margin
Surplus as a share of revenue
45.2% 1.2%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $771K $422K $1.1M 97.3%
2023 $190K $538K $3.5M 98.2%
2022 $707K $601K $3.9M 97.7%
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Organization Details
EIN
26-0623896
State
MA
City
NEEDHAM
ZIP
02492-3197
Classification
T20
Category
Philanthropy & Grantmaking
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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