Black Heart Association
EIN: 821011939 · Grand Prairie, TX · NTEE: G43
Is Black Heart Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Black Heart Association
Black Heart Association (EIN: 821011939) is a nonprofit organization based in Grand Prairie, TX, classified under NTEE code G43. The organization reported total revenue of $1.0M and total assets of $246K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Black Heart Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Black Heart Association is a mid-size nonprofit that has been operating for 9 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 106.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $504K |
| Total Expenses | $485K |
| Surplus / Deficit | +$19K |
| Total Assets | $151K |
| Total Liabilities | $92K |
| Net Assets | $59K |
| Operating Margin | 3.8% |
| Debt-to-Asset Ratio | 60.8% |
| Months of Reserves | 3.7 months |
Financial Health Grade: A
In 2023, Black Heart Association reported a surplus of $19K with revenue exceeding expenses, holds 3.7 months of operating reserves (adequate), has a debt-to-asset ratio of 60.8% (high leverage).
Financial Trends
Over 4 years of filings (2020–2023), Black Heart Association's revenue has grown at a compound annual growth rate (CAGR) of 106.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +83.2% | +107.2% | +68.0% |
| 2022 | +702.7% | +456.0% | +85.6% |
| 2021 | -40.4% | -33.0% | +7.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Black Heart Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Black Heart Association with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $19K, with revenue exceeding expenses.
- Debt-to-asset ratio: 60.8%.
Frequently Asked Questions about Black Heart Association
Is Black Heart Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Black Heart Association (EIN: 821011939) insufficient data. 0 red flags identified, 0 strengths noted.
How does Black Heart Association spend its money?
Detailed spending breakdown data is not yet available for Black Heart Association. Check back for updated IRS 990 analysis.
Are donations to Black Heart Association tax-deductible?
Black Heart Association is registered as a tax-exempt nonprofit (EIN: 821011939). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Black Heart Association showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Black Heart Association's revenue has grown by 775.9%, moving from $58K to $504K. Total assets increased by 235.6% over the same period, from $45K to $151K. Total functional expenses rose by 671.7%, from $63K to $485K. In its most recent filing year (2023), Black Heart Association reported a surplus of $19K, with revenue exceeding expenses. The organization holds $92K in liabilities against $151K in assets (debt-to-asset ratio: 60.8%), resulting in net assets of $59K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $504K | $485K | $151K | $92K | — | — |
| 2022 | $275K | $234K | $90K | $11K | — | View 990 |
| 2021 | $34K | $42K | $49K | $11K | — | View 990 |
| 2020 | $58K | $63K | $45K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $504K, expenses of $485K, and assets of $151K (revenue +83.2% year-over-year).
- 2022: Revenue of $275K, expenses of $234K, and assets of $90K (revenue +702.7% year-over-year).
- 2021: Revenue of $34K, expenses of $42K, and assets of $49K (revenue -40.4% year-over-year).
- 2020: Revenue of $58K, expenses of $63K, and assets of $45K.
Data Sources and Methodology
This transparency report for Black Heart Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.