Is Greathearts Arizona Legit?

Spending Breakdown

How Greathearts Arizona allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Greathearts Arizona

Is Greathearts Arizona a legitimate charity?

Based on AI analysis of IRS 990 filings, Greathearts Arizona (EIN: 202036133) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Greathearts Arizona a good charity to donate to?

Greathearts Arizona has a Mission Score of 85/100. Revenue: $44.4M. Assets: $255.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Greathearts Arizona?

The Employer Identification Number (EIN) for Greathearts Arizona is 202036133. 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 Greathearts Arizona spend its money?

Greathearts Arizona allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Greathearts Arizona's tax-exempt status?

You can verify Greathearts Arizona's tax-exempt status using EIN 202036133 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

Greathearts Arizona demonstrates consistent growth in revenue and assets over the past decade, indicating a stable and expanding organization. For instance, revenue grew from $12.4 million in 2014 to $43.7 million in 2023. The organization consistently reports 0% officer compensation, which suggests a high degree of transparency regarding executive pay, or that executive compensation is not reported in a way that is easily identifiable as 'officer compensation' on the 990. The significant liabilities, often exceeding assets in earlier years, suggest a reliance on debt financing, likely for capital expenditures related to its educational mission, which is common for charter school networks. However, in recent years, assets have begun to exceed liabilities, indicating improved financial footing.

Spending efficiency appears reasonable, with expenses generally tracking closely with revenue. For example, in 2023, expenses were $40.9 million against revenues of $43.7 million, leaving a surplus. The absence of reported officer compensation on the 990s is a notable point for transparency, as it either means no compensation is paid to officers or it is categorized differently, which could warrant further investigation for a complete picture of executive remuneration. The NTEE code B022 (Charter Schools) aligns with their mission, and the financial data supports an organization focused on operational delivery rather than accumulating large surpluses.

Overall, Greathearts Arizona appears to be a financially stable and growing organization. The consistent growth in revenue and assets, coupled with expenses that align with operational needs, suggests effective management. The 0% officer compensation reported across all filings is a significant transparency indicator, though it would be beneficial to understand how leadership is compensated if not through direct officer compensation. The high liabilities in earlier years are typical for organizations with significant capital investments like schools, and the recent trend of assets exceeding liabilities is a positive development.

Verdict: Greathearts Arizona appears trustworthy

Red Flags

Strengths