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Florida · Nonprofit

TMA Heritage Foundation Inc

TMA Heritage Foundation Inc (Florida) receives grants from 2 organizations whose IRS filings report $11,971,473 to it, the largest being The Master's Academy of Central Florida Inc ($11,195,432). 1 of them have funded it in more than one year.

$4.3M
Revenue FY2025
2
Funders on record
$12M
Grants received
$16M
Net assets
1/2 repeat funderspeak grant-dependency 88%

Against its field

TMA Heritage Foundation Inc runs a healthier operating margin than three-quarters of the 9,072 education nonprofits its size.

Operating margin18% · top quartile
Months of reserve18.2mo · top quartile
Revenue growth (annualized)13% · above the median

this organization peer median middle 50% of peers· 9,072 education nonprofits $1M–$10M, FY2025

Three funders worth looking at

Grantmakers with no record of funding this organization, ranked by how strongly the co-funder graph and the mission embeddings agree. The evidence is in section 03.

See all 12 prospects and why each one surfaced →
01The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($1.6M) Expenses 100 ($30k) Net assets 100 ($9.1M)2018 Revenue 22 ($354k) Expenses 2776 ($823k) Net assets 96 ($8.7M)2019 Revenue 19 ($316k) Expenses 5676 ($1.7M) Net assets 82 ($7.4M)2020 Revenue 127 ($2.1M) Expenses 144 ($43k) Net assets 98 ($9.0M)2021 Revenue 142 ($2.3M) Expenses 1029 ($305k) Net assets 130 ($12M)2022 Revenue 55 ($903k) Expenses 2159 ($640k) Net assets 129 ($12M)2023 Revenue 51 ($835k) Expenses 216 ($64k) Net assets 139 ($13M)2024 Revenue 168 ($2.7M) Expenses 3147 ($933k) Net assets 162 ($15M)2025 Revenue 264 ($4.3M) Expenses 11909 ($3.5M) Net assets 172 ($16M)
'17'18'19'20'21'22'23'24'25
Revenue (264)Expenses (11909)Net assets (172)Peer revenue range

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

89% of TMA Heritage Foundation Inc’s revenue is contributions — more donation-reliant than the typical peer (48% for the typical peer).

This organization
Typical peer · 12,312 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 9 reported years ran a deficit.

$1.6M
17
$469k
18
$1.4M
19
$2.0M
20
$2.0M
21
$263k
22
$771k
23
$1.8M
24
$777k
25
18
months of
reserve
02Who funds it

Who funds it, year by year

2017 → 2023: the base held at 1 funder, grant income fell $1.3M → $500k.

Funder
'17
'20
'21
'22
'23
'24*
'25*
total
funders
1
2
1
1
1
1
1

From the IRS filings of TMA Heritage Foundation Inc’s funders (the co-funder graph). Association, not causation.

How concentrated its funding is

TMA Heritage Foundation Inc leans on a few funders — its largest provides 94% of grant income and the top three 100%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

94%
largest funder
100%
top three
~1
effective funders

Largest funder’s share by year: 2017 100% · 2020 54% · 2021 100% · 2022 100% · 2023 100%broadly stable.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration.

Where its funders are

100% of TMA Heritage Foundation Inc's grant income comes from Florida funders.

FL

In-state vs out-of-state, by year

17
20
21
22
23
Florida out of state home

Funder states come from each funder’s own filing.

03Its place in the field

Funders to approach

Grantmakers that don’t fund you yet, surfaced two ways: they back organizations that share your funders, or their grantees resemble your mission. The ones both signals agree on come first.

From the co-funder graph (funders backing at least two comparable organizations, shrunk for grantee count, donor-advised and mega-funds excluded) and the universe embeddings. A research starting point; overlap is association, not a guarantee of fit.

Organizations like TMA Heritage Foundation Inc

Nonprofits whose mission and program text most resemble this one, by semantic similarity over the universe of US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Florida

Nationally

04Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

99% of spending goes to programs.

Program 99%Management 1%Fundraising 0%

Governance

3
board members
100%
independent
Conflict-of-interest policyWhistleblower policyDocument retentionBoard reviewed the 990Audited financials

Footprint & structure

Part of a family of 2 related entities

  • The Master's Academy of Central Florida Inc · exempt
  • TMA Properties Foundation Inc · exempt

Screen this organization

A dated, signed PDF of the compliance screen for TMA Heritage Foundation Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds TMA Heritage Foundation Inc?
TMA Heritage Foundation Inc (Florida) receives grants from 2 organizations whose IRS filings report $11,971,473 to it, the largest being The Master's Academy of Central Florida Inc ($11,195,432). 1 of them have funded it in more than one year.
How many funders does TMA Heritage Foundation Inc have?
IRS filings report 2 organizations giving $11,971,473 in grants to TMA Heritage Foundation Inc, 1 of which have funded it in more than one year.
Who is the largest funder of TMA Heritage Foundation Inc?
The Master's Academy of Central Florida Inc is the largest funder on record, with $11,195,432 in grants. The full list of funders is on this page.
How can an organization like TMA Heritage Foundation Inc find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Florida. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 2funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. What this page cannot tell you · view filing