Quick charity verification for Gabes My Heart Inc (EIN: 201505667)
Verdict: Gabes My Heart Inc appears trustworthy
80/100Mission Score
$62KRevenue
$39KAssets
2Red Flags
3Strengths
Red Flags
Significant decline in revenue from $191,548 in 201912 to $61,834 in 202312.
Periods of substantial deficit spending, such as in 202212 where expenses ($121,743) significantly exceeded revenue ($72,990).
Strengths
Consistent 0% officer compensation across all filings, indicating efficient use of funds.
Long filing history (14 filings) demonstrating transparency and consistent reporting.
Positive net income in the latest period (202312) with revenue of $61,834 exceeding expenses of $52,239.
Spending Breakdown
How Gabes My Heart Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Gabes My Heart Inc
Is Gabes My Heart Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Gabes My Heart Inc (EIN: 201505667) appears trustworthy. Mission Score: 80/100. 2 red flags identified, 3 strengths noted.
Is Gabes My Heart Inc a good charity to donate to?
Gabes My Heart Inc has a Mission Score of 80/100. Revenue: $62K. Assets: $39K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Gabes My Heart Inc?
The Employer Identification Number (EIN) for Gabes My Heart Inc is 201505667. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Gabes My Heart Inc spend its money?
Gabes My Heart Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Gabes My Heart Inc's tax-exempt status?
You can verify Gabes My Heart Inc's tax-exempt status using EIN 201505667 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Gabes My Heart Inc, operating in Spring Hill, TN, demonstrates a fluctuating financial history with recent declines in revenue. In the latest period (202312), the organization reported revenue of $61,834 and expenses of $52,239, resulting in a modest surplus. However, this represents a significant drop from its peak revenue of $191,548 in 201912. The organization's assets stand at $38,766, which is relatively low given its historical revenue levels. A notable positive is the consistent reporting of 0% officer compensation across all available filings, indicating a volunteer-led or very lean executive structure, which can be a sign of efficient resource allocation towards its mission. The organization's transparency is good, with 14 filings available, providing a comprehensive financial history.