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.
Spending Breakdown
How Heart Systems Incorporated allocates its funds across programs, administration, and fundraising.
5%
Program Spending
Concerning — less than half to programs
80%
Admin Costs
High — over 25% on administration
15%
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 Systems Incorporated
Is Heart Systems Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Heart Systems Incorporated (EIN: 222939768) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 1 strength noted.
Is Heart Systems Incorporated a good charity to donate to?
Heart Systems Incorporated has a Mission Score of 45/100. Revenue: $9K. Assets: $117K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Heart Systems Incorporated?
The Employer Identification Number (EIN) for Heart Systems Incorporated is 222939768. 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 Systems Incorporated spend its money?
Heart Systems Incorporated allocates 5% to programs, 80% to administration, and 15% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Heart Systems Incorporated's tax-exempt status?
You can verify Heart Systems Incorporated's tax-exempt status using EIN 222939768 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 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.