Quick charity verification for Hearts Gathered (EIN: 141940569)
Verdict: Hearts Gathered appears trustworthy
85/100Mission Score
$918KRevenue
$437KAssets
2Red Flags
5Strengths
Red Flags
NTEE Code is unknown, which limits understanding of their specific charitable focus.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary prevents a precise efficiency analysis.
Strengths
Consistent revenue growth over the past decade, from $100,000 in 201212 to $918,012 currently.
Significant asset growth, indicating increasing financial stability and capacity.
0% officer compensation reported across all filings, demonstrating a strong commitment to mission-focused spending.
Consistent IRS 990 filing history (11 filings), indicating good governance and transparency.
Low liabilities relative to assets and revenue, suggesting sound financial management.
Spending Breakdown
How Hearts Gathered 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 Gathered
Is Hearts Gathered a legitimate charity?
Based on AI analysis of IRS 990 filings, Hearts Gathered (EIN: 141940569) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is Hearts Gathered a good charity to donate to?
Hearts Gathered has a Mission Score of 85/100. Revenue: $918K. Assets: $437K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hearts Gathered?
The Employer Identification Number (EIN) for Hearts Gathered is 141940569. 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 Gathered spend its money?
Hearts Gathered allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hearts Gathered's tax-exempt status?
You can verify Hearts Gathered's tax-exempt status using EIN 141940569 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 Gathered demonstrates a generally positive financial trajectory, with significant growth in revenue and assets over the past decade. The organization's latest reported revenue of $918,012 and assets of $437,283 indicate a substantial increase from earlier periods, such as 201212 where revenue was $100,000 and assets were $56,284. This growth suggests increasing capacity and reach. The consistent reporting of 0% officer compensation across all available filings is a notable strength, indicating a strong commitment to directing funds towards programmatic activities rather than executive salaries. However, without detailed expense breakdowns (program, administrative, fundraising) from the provided data, a precise assessment of spending efficiency is limited. The organization's consistent filing history, with 11 filings, points to a commitment to transparency in financial reporting.