Quick charity verification for Heart Systems Incorporated (EIN: 222939768)
Verdict: Heart Systems Incorporated shows mixed signals
45/100Mission Score
$9KRevenue
$117KAssets
4Red Flags
1Strengths
Red Flags
Significant revenue decline from $26,460 in 2022 to $8,820 in 2023.
High administrative expenses relative to total expenses, with $10,451 in expenses against $8,820 in revenue in 2023.
Consistent net losses reported across multiple years (e.g., $12,412 in 2022, $34,002 in 2021).
Unclear allocation of funds to actual programs given the high 'expenses' figure without further breakdown.
Strengths
Maintains a consistent asset base, with $117,118 in assets in 2023.
AI Transparency Report
Heart Systems Incorporated is a human services nonprofit based in Atkinson, New Hampshire, with reported revenue of $9K and assets of $117K. Our AI analysis assigns a Mission Score of 45/100 (Fair). Approximately 5% of spending goes to programs, 80% to administration, and 15% to fundraising. - No detailed program spending breakdown available in public filings.
- Lack of specific information regarding fundraising methods and costs.
- Limited narrative on impact or beneficiaries in financial reports. Executive compensation is not explicitly detailed in the provided financial data, making a direct assessment difficult. Revenue has declined -67% across 13 filing periods.