Quick charity verification for Hearts For Homes (EIN: 204637974)
Verdict: Hearts For Homes appears trustworthy
95/100Mission Score
$839KRevenue
$684KAssets
2Red Flags
4Strengths
Red Flags
Lack of detail on program spending breakdown within the provided data
Unusually low administrative expenses could indicate under-reporting or reliance on in-kind support not fully captured.
Strengths
Consistent revenue and asset growth over a decade, indicating strong financial health.
0% reported officer compensation, demonstrating a high commitment to program efficiency.
Low liabilities relative to assets, suggesting sound financial management.
Positive net income in most years, allowing for asset accumulation and future program investment (e.g., 2023: Revenue $689,084 vs. Expenses $576,683).
Spending Breakdown
How Hearts For Homes allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
5%
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 Hearts For Homes
Is Hearts For Homes a legitimate charity?
Based on AI analysis of IRS 990 filings, Hearts For Homes (EIN: 204637974) appears trustworthy. Mission Score: 95/100. 2 red flags identified, 4 strengths noted.
Is Hearts For Homes a good charity to donate to?
Hearts For Homes has a Mission Score of 95/100. Revenue: $839K. Assets: $684K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hearts For Homes?
The Employer Identification Number (EIN) for Hearts For Homes is 204637974. 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 Hearts For Homes spend its money?
Hearts For Homes allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hearts For Homes's tax-exempt status?
You can verify Hearts For Homes's tax-exempt status using EIN 204637974 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
Hearts For Homes demonstrates a consistent pattern of growth in revenue and assets over the past decade, indicating increasing capacity to serve its mission. For example, revenue grew from $154,627 in 2014 to $689,084 in 2023, and assets increased from $133,420 to $615,001 in the same period. The organization consistently reports 0% officer compensation, which is a strong indicator of financial efficiency and a commitment to directing funds towards programs rather than executive salaries. This practice enhances donor confidence and suggests a volunteer-driven or very lean leadership structure. The organization's liabilities have remained relatively low compared to its assets, with the highest reported in 2022 at $104,578 against $526,584 in assets, suggesting sound financial management and limited reliance on debt. Overall, Hearts For Homes appears to be a financially healthy and efficiently managed nonprofit.