Quick charity verification for Heart Love & Soul Inc (EIN: 161200127)
Verdict: Heart Love & Soul Inc appears trustworthy
90/100Mission Score
$6.3MRevenue
$10.3MAssets
1Red Flags
5Strengths
Red Flags
Slight operational deficit in the most recent fiscal year (202312), with expenses exceeding revenue by $88,602.
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating excellent financial stewardship.
Significant and consistent asset growth, from $2.65M in 2014 to $9.43M in 2023, demonstrating long-term financial stability.
Strong revenue growth over the past decade, indicating increasing support and capacity.
Low liabilities relative to assets, suggesting a healthy balance sheet.
Consistent IRS 990 filing history (13 filings), indicating good transparency.
Spending Breakdown
How Heart Love & Soul 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 Heart Love & Soul Inc
Is Heart Love & Soul Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Heart Love & Soul Inc (EIN: 161200127) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is Heart Love & Soul Inc a good charity to donate to?
Heart Love & Soul Inc has a Mission Score of 90/100. Revenue: $6.3M. Assets: $10.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Heart Love & Soul Inc?
The Employer Identification Number (EIN) for Heart Love & Soul Inc is 161200127. 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 Heart Love & Soul Inc spend its money?
Heart Love & Soul Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Heart Love & Soul Inc's tax-exempt status?
You can verify Heart Love & Soul Inc's tax-exempt status using EIN 161200127 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
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.