Quick charity verification for Good Heart Work Smart Foundation (EIN: 205836042)
Verdict: Good Heart Work Smart Foundation shows mixed signals
65/100Mission Score
$4.5MRevenue
$2.8MAssets
3Red Flags
3Strengths
Red Flags
Extreme revenue volatility, including negative revenue in 2023 ($-120,557), indicating unpredictable funding.
Significant decline in assets from $4,415,503 in 2021 to $2,033,361 in 2023, suggesting potential financial strain or major asset divestment.
Expenses ($743,531) significantly exceeded revenue ($-120,557) in 2023, leading to a net loss for the year.
Strengths
Consistently low liabilities, often reported as $1 in recent years, indicating strong balance sheet health.
0% reported officer compensation across all filings, suggesting a commitment to minimizing executive overhead.
Long filing history (10 filings), indicating consistent compliance with IRS reporting requirements.
Spending Breakdown
How Good Heart Work Smart Foundation allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Good Heart Work Smart Foundation
Is Good Heart Work Smart Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Good Heart Work Smart Foundation (EIN: 205836042) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Good Heart Work Smart Foundation a good charity to donate to?
Good Heart Work Smart Foundation has a Mission Score of 65/100. Revenue: $4.5M. Assets: $2.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Good Heart Work Smart Foundation?
The Employer Identification Number (EIN) for Good Heart Work Smart Foundation is 205836042. 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 Good Heart Work Smart Foundation spend its money?
Good Heart Work Smart Foundation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Good Heart Work Smart Foundation's tax-exempt status?
You can verify Good Heart Work Smart Foundation's tax-exempt status using EIN 205836042 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
Good Heart Work Smart Foundation exhibits highly volatile financial performance, with significant fluctuations in revenue and expenses over the past decade. For instance, revenue swung from a high of $6,557,590 in 2021 to a negative revenue of $-120,557 in 2023, indicating an inconsistent funding model or significant one-time events. The organization's assets have also shown considerable variability, peaking at $4,415,503 in 2021 before declining to $2,033,361 in 2023. This volatility makes it challenging to assess long-term financial stability.
Spending efficiency is difficult to fully ascertain without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of 0% officer compensation across all filings suggests a commitment to minimizing executive overhead, which is a positive indicator for donor confidence. The organization's liabilities have generally remained low, often reported as $1 in recent years, which is a strong point for financial health.
Transparency appears to be adequate in terms of filing history, with 10 filings available. However, the lack of specific expense category breakdowns (program, admin, fundraising) in the provided data limits a comprehensive assessment of how efficiently funds are being allocated to its mission. The significant negative revenue in 2023 is a major concern that warrants further investigation into its financial operations and reporting practices.