Is Heart Love & Soul Inc Legit?

Heart Love & Soul Inc demonstrates a generally healthy financial position with consistent revenue generation and asset growth over the past decade. In the most recent filing (202312), the organization reported revenues of $2,021,377 against expenses of $2,109,979, indicating a slight operational deficit for that period. However, this follows several years of significant surpluses, such as in 202212 ($2,511,044 revenue vs. $1,915,717 expenses) and 202112 ($2,145,018 revenue vs. $1,524,554 expenses), which have contributed to a robust asset base of $9,428,376. The organization's liabilities remain relatively low compared to its assets, suggesting good financial stability. The organization's spending efficiency appears strong, particularly given the consistent growth in program delivery implied by increasing expenses over time. The absence of reported officer compensation across all filings is a significant positive indicator of financial stewardship and a commitment to directing resources towards its mission. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial trends suggest a focus on mission-related activities. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to transparency.