Quick charity verification for Heartbeat Of Miami Inc (EIN: 208155890)
Verdict: Heartbeat Of Miami Inc appears trustworthy
92/100Mission Score
$1.6MRevenue
$1.5MAssets
1Red Flags
5Strengths
Red Flags
Unusually low (0%) reported officer compensation across all filings, which may obscure actual executive remuneration if categorized elsewhere.
Strengths
Consistent and significant revenue growth, from $565,693 in 2014 to $1,434,961 in 2023.
Strong asset accumulation, growing from $135,576 in 2014 to $1,199,945 in 2023, indicating financial stability.
Very low liabilities across all periods, demonstrating sound financial management.
High proportion of spending dedicated to program services, reflecting mission focus.
Healthy surplus generation, with revenue consistently exceeding expenses (e.g., $1,434,961 revenue vs. $1,095,174 expenses in 2023).
Spending Breakdown
How Heartbeat Of Miami Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Heartbeat Of Miami Inc
Is Heartbeat Of Miami Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Heartbeat Of Miami Inc (EIN: 208155890) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Heartbeat Of Miami Inc a good charity to donate to?
Heartbeat Of Miami Inc has a Mission Score of 92/100. Revenue: $1.6M. Assets: $1.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Heartbeat Of Miami Inc?
The Employer Identification Number (EIN) for Heartbeat Of Miami Inc is 208155890. 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 Heartbeat Of Miami Inc spend its money?
Heartbeat Of Miami Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Heartbeat Of Miami Inc's tax-exempt status?
You can verify Heartbeat Of Miami Inc's tax-exempt status using EIN 208155890 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
Heartbeat Of Miami Inc demonstrates strong financial health and growth over the past several years. Revenue has consistently increased, from $565,693 in 2014 to $1,434,961 in 2023, indicating growing support and operational capacity. The organization has also built up its assets significantly, from $135,576 in 2014 to $1,199,945 in 2023, suggesting sound financial management and reserves. Liabilities remain very low, which is a positive indicator of financial stability.
Spending efficiency appears robust, with program expenses consistently forming the vast majority of total expenditures. For instance, in 2023, total expenses were $1,095,174 against revenue of $1,434,961, showing a healthy surplus. The organization's commitment to its mission is further highlighted by its reported 0% officer compensation across all available filings, indicating that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which enhances public trust and directs more funds to programs. This also suggests a high degree of transparency regarding executive remuneration, or lack thereof.
Overall, Heartbeat Of Miami Inc exhibits characteristics of a well-managed and financially responsible nonprofit. Its consistent growth, low liabilities, and apparent dedication to program spending, coupled with no reported officer compensation, paint a picture of an organization focused on its mission and efficient use of donor funds. The steady increase in assets also provides a strong foundation for future operations and impact.