Quick charity verification for Gifts From The Heart Food Bank (EIN: 20549032)
Verdict: Gifts From The Heart Food Bank appears trustworthy
98/100Mission Score
$211KRevenue
$1.4MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation, indicating volunteer leadership and low overhead.
Strong asset growth, from $349,673 in 2019 to $967,356 in 2023.
Extremely low expense ratio relative to revenue (e.g., $46,217 expenses vs. $343,498 revenue in 2023).
Zero liabilities reported across all five filing periods, demonstrating excellent financial stability.
Consistent IRS 990 filings, indicating good transparency and compliance.
Spending Breakdown
How Gifts From The Heart Food Bank allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
0%
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 Gifts From The Heart Food Bank
Is Gifts From The Heart Food Bank a legitimate charity?
Based on AI analysis of IRS 990 filings, Gifts From The Heart Food Bank (EIN: 20549032) appears trustworthy. Mission Score: 98/100. 0 red flags identified, 5 strengths noted.
Is Gifts From The Heart Food Bank a good charity to donate to?
Gifts From The Heart Food Bank has a Mission Score of 98/100. Revenue: $211K. Assets: $1.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Gifts From The Heart Food Bank?
The Employer Identification Number (EIN) for Gifts From The Heart Food Bank is 20549032. 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 Gifts From The Heart Food Bank spend its money?
Gifts From The Heart Food Bank allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Gifts From The Heart Food Bank's tax-exempt status?
You can verify Gifts From The Heart Food Bank's tax-exempt status using EIN 20549032 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
Gifts From The Heart Food Bank demonstrates strong financial health and efficiency, particularly in its program spending. Over the past five years, the organization has consistently maintained zero liabilities, indicating sound financial management and a lack of debt. Its assets have shown remarkable growth, increasing from $349,673 in 2019 to $967,356 in 2023, which suggests effective asset accumulation and stewardship. The organization's expenses are consistently low relative to its revenue, with expenses of $46,217 against revenues of $343,498 in 2023, indicating a very high proportion of funds are retained or directly applied to programs rather than overhead. This operational model points to a highly efficient use of donor funds.
The organization's transparency is excellent, as evidenced by its consistent filing of IRS Form 990s and the clear reporting of zero officer compensation across all five periods. This commitment to volunteer leadership and minimal administrative burden is a significant positive indicator. The substantial growth in revenue, particularly the jump to $343,498 in 2023, suggests increasing community support and operational capacity. Overall, Gifts From The Heart Food Bank appears to be a well-managed, efficient, and transparent nonprofit dedicated to its mission.