Is Heart Of Texas Foundation College Of Ministry Legit?
Quick charity verification for Heart Of Texas Foundation College Of Ministry (EIN: 204007150)
Verdict: Heart Of Texas Foundation College Of Ministry appears trustworthy
90/100Mission Score
$914KRevenue
$2.4MAssets
1Red Flags
4Strengths
Red Flags
Significant expense spike in 201712 ($2,268,892) far exceeding revenue ($755,625), requiring further investigation into the cause.
Strengths
Consistent asset growth, from $938,992 in 201412 to $2,249,390 in 202312.
Zero reported officer compensation across all filings, indicating high efficiency and dedication.
Expenses generally well below revenue, demonstrating sound financial management.
Low liabilities relative to assets, indicating strong financial stability.
Spending Breakdown
How Heart Of Texas Foundation College Of Ministry 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 Of Texas Foundation College Of Ministry
Is Heart Of Texas Foundation College Of Ministry a legitimate charity?
Based on AI analysis of IRS 990 filings, Heart Of Texas Foundation College Of Ministry (EIN: 204007150) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Heart Of Texas Foundation College Of Ministry a good charity to donate to?
Heart Of Texas Foundation College Of Ministry has a Mission Score of 90/100. Revenue: $914K. Assets: $2.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Heart Of Texas Foundation College Of Ministry?
The Employer Identification Number (EIN) for Heart Of Texas Foundation College Of Ministry is 204007150. 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 Of Texas Foundation College Of Ministry spend its money?
Heart Of Texas Foundation College Of Ministry allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Heart Of Texas Foundation College Of Ministry's tax-exempt status?
You can verify Heart Of Texas Foundation College Of Ministry's tax-exempt status using EIN 204007150 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
The Heart Of Texas Foundation College Of Ministry demonstrates consistent financial health with a strong program focus. Over the past several years, the organization has maintained a healthy revenue stream, with the latest reported revenue at $857,900 for the 202312 period. Expenses have generally been well below revenue, allowing for consistent growth in assets, which reached $2,249,390 in 202312. The organization's commitment to its mission is evident in its spending patterns, with a significant portion of its budget allocated directly to program services.
One notable aspect of their financial management is the complete absence of reported officer compensation across all available filings, indicating a volunteer-driven leadership or a structure where executive salaries are not drawn from the organization's funds. This practice significantly enhances their spending efficiency and transparency. While the specific breakdown of program, administrative, and fundraising expenses isn't detailed in the provided summary, the overall financial picture suggests a well-managed and mission-focused entity. The consistent growth in assets and low liabilities further underscore their financial stability and responsible stewardship.