Is Heart Trust Inc Legit?

Spending Breakdown

How Heart Trust Inc allocates its funds across programs, administration, and fundraising.

75%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

10%

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 Trust Inc

Is Heart Trust Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Heart Trust Inc (EIN: 205536661) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.

Is Heart Trust Inc a good charity to donate to?

Heart Trust Inc has a Mission Score of 75/100. Revenue: $164K. Assets: $445K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Heart Trust Inc?

The Employer Identification Number (EIN) for Heart Trust Inc is 205536661. 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 Trust Inc spend its money?

Heart Trust Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Heart Trust Inc's tax-exempt status?

You can verify Heart Trust Inc's tax-exempt status using EIN 205536661 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 Trust Inc demonstrates a mixed financial picture. While the organization consistently maintains a healthy asset base, with assets of $445,092 against zero liabilities in the latest filing, its revenue and expense patterns show significant volatility. For instance, revenue fluctuated from a low of $29,620 in 2017 to a high of $229,392 in 2022, and then decreased to $163,643 in 2023. This inconsistency can make long-term financial planning challenging. The organization's transparency is commendable given its consistent filing history and the clear indication of no officer compensation, which suggests resources are not being diverted to high executive salaries.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, in 2023, expenses ($191,240) exceeded revenue ($163,643), indicating a deficit for that year. This trend of expenses sometimes exceeding revenue (e.g., 2023, 2020, 2014) suggests that the organization may be drawing on its reserves or experiencing periods of unsustainable spending relative to its income. The lack of officer compensation is a positive indicator of efficient use of funds at the leadership level.

Overall, Heart Trust Inc appears to be a stable organization in terms of assets and has a good record of transparency regarding executive compensation. However, the variability in its annual revenue and the occasional deficits highlight a need for more consistent fundraising or tighter expense management to ensure long-term operational sustainability. A deeper dive into the functional expense breakdown would provide a clearer picture of its spending efficiency across different categories.

Verdict: Heart Trust Inc appears trustworthy

Red Flags

Strengths