Quick charity verification for Heartland Midwest Foundation (EIN: 205543942)
Verdict: Heartland Midwest Foundation has notable concerns
35/100Mission Score
$1KRevenue
$50KAssets
4Red Flags
2Strengths
Red Flags
Consistent and significant operating deficits (e.g., $5,215 deficit in 2023)
Declining asset base over time (from $62,438 in 2011 to $49,671 currently)
Very low revenue generation relative to expenses, raising questions about funding model
Lack of detailed expense breakdown to assess program efficiency
Strengths
Zero reported officer compensation, indicating a volunteer-driven or very lean leadership structure
Low liabilities ($1 across all filings) suggests minimal debt burden
Spending Breakdown
How Heartland Midwest Foundation allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
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 Heartland Midwest Foundation
Is Heartland Midwest Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Heartland Midwest Foundation (EIN: 205543942) has notable concerns. Mission Score: 35/100. 4 red flags identified, 2 strengths noted.
Is Heartland Midwest Foundation a good charity to donate to?
Heartland Midwest Foundation has a Mission Score of 35/100. Revenue: $1K. Assets: $50K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Heartland Midwest Foundation?
The Employer Identification Number (EIN) for Heartland Midwest Foundation is 205543942. 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 Heartland Midwest Foundation spend its money?
Heartland Midwest Foundation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Heartland Midwest Foundation's tax-exempt status?
You can verify Heartland Midwest Foundation's tax-exempt status using EIN 205543942 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
Heartland Midwest Foundation exhibits a concerning financial trend, consistently spending significantly more than it generates in revenue. For instance, in 2023, the organization reported revenue of $1,019 against expenses of $6,234, indicating a substantial operating deficit. This pattern is consistent across all available filings, suggesting a reliance on drawing down assets or other undisclosed funding sources to cover operational costs. While the organization reports zero officer compensation, which can be a positive for donor perception, the overall financial sustainability is questionable given the persistent and large deficits. The organization's assets have also shown a declining trend over the years, from $62,438 in 2011 to $49,671 currently, further highlighting the impact of these deficits.
Without a detailed breakdown of expenses (program, administrative, fundraising) in the provided data, it's difficult to assess spending efficiency beyond the overall deficit. However, the consistent negative net income raises questions about the long-term viability and the effectiveness of its financial management. The low revenue figures suggest a very small operational scale, which might explain the lack of officer compensation, but also limits its potential impact. Transparency regarding the source of funds covering these deficits would be crucial for a comprehensive understanding of its financial health.