Children At Heart Adoption Services
Children At Heart Adoption Services faces persistent operating deficits and growing liabilities, with expenses exceeding revenue in 8 of the last 10 years.
EIN: 141783554 · Wilmington, NC · NTEE: Q30 · Updated: 2026-03-28
Is Children At Heart Adoption Services Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Children At Heart Adoption Services directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Children At Heart Adoption Services
Children At Heart Adoption Services (EIN: 141783554) is a nonprofit organization based in Wilmington, NC, classified under NTEE code Q30. The organization reported total revenue of $188K and total assets of $92K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Children At Heart Adoption Services's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Children At Heart Adoption Services is a small nonprofit that has been operating for 30 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 6.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $188K |
| Total Expenses | $207K |
| Surplus / Deficit | $-19,219 |
| Total Assets | $92K |
| Total Liabilities | $207K |
| Net Assets | $-114,817 |
| Operating Margin | -10.2% |
| Debt-to-Asset Ratio | 224.8% |
| Months of Reserves | 5.3 months |
Financial Health Grade: C
In 2024, Children At Heart Adoption Services reported a deficit of $19K with expenses exceeding revenue, holds 5.3 months of operating reserves (adequate), has a debt-to-asset ratio of 224.8% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Children At Heart Adoption Services's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +21.6% | +2.5% | -20.6% |
| 2023 | -22.2% | -10.9% | -29.9% |
| 2022 | +57.2% | +6.4% | +52.5% |
| 2021 | -26.4% | +12.4% | -40.2% |
| 2020 | +0.8% | +5.1% | +63.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Children At Heart Adoption Services with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Children At Heart Adoption Services allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $19K, with expenses exceeding revenue.
- Debt-to-asset ratio: 224.8%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is a positive sign for resource allocation directly to programs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Children At Heart Adoption Services's IRS 990 filings:
- Consistent operating deficits (8 out of 10 years, including $19,219 in 202406).
- Liabilities ($206,782 in 202406) significantly exceed assets ($91,965 in 202406).
- Negative net assets, indicating a precarious financial position.
Strengths
The following positive indicators were identified for Children At Heart Adoption Services:
- No reported officer compensation, indicating efficient use of funds at the executive level.
- Consistent filing of IRS Form 990s, demonstrating transparency.
- Likely high program spending ratio, given the lack of executive compensation and the nature of the services.
Frequently Asked Questions about Children At Heart Adoption Services
Is Children At Heart Adoption Services a legitimate charity?
Based on AI analysis of IRS 990 filings, Children At Heart Adoption Services (EIN: 141783554) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Children At Heart Adoption Services spend its money?
Children At Heart Adoption Services directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Children At Heart Adoption Services tax-deductible?
Children At Heart Adoption Services is registered as a tax-exempt nonprofit (EIN: 141783554). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Children At Heart Adoption Services financially sustainable?
The organization's financial sustainability is questionable given its consistent operating deficits (e.g., $19,219 deficit in 202406) and liabilities ($206,782 in 202406) significantly exceeding assets ($91,965 in 202406).
How has the organization's financial health changed over time?
While revenue has fluctuated, expenses have consistently outpaced revenue in most recent years, leading to a decline in net assets and a significant increase in liabilities, particularly since 2019.
What is the organization's approach to executive compensation?
Children At Heart Adoption Services reports 0% officer compensation in all available filings, suggesting a volunteer-led or very lean executive structure.
Filing History
IRS 990 filing history for Children At Heart Adoption Services showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Children At Heart Adoption Services's revenue has grown by 117.3%, moving from $86K to $188K. Total assets increased by 105.9% over the same period, from $45K to $92K. Total functional expenses fell by 46.1%, from $385K to $207K. In its most recent filing year (2024), Children At Heart Adoption Services reported a deficit of $19K, with expenses exceeding revenue. The organization holds $207K in liabilities against $92K in assets (debt-to-asset ratio: 224.8%), resulting in net assets of $-114,817.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $188K | $207K | $92K | $207K | — | — |
| 2023 | $155K | $202K | $116K | $211K | — | View 990 |
| 2022 | $199K | $227K | $165K | $213K | — | View 990 |
| 2021 | $126K | $213K | $108K | $128K | — | View 990 |
| 2020 | $172K | $190K | $181K | $114K | — | View 990 |
| 2019 | $170K | $180K | $111K | $26K | — | View 990 |
| 2018 | $202K | $209K | $127K | $32K | — | View 990 |
| 2017 | $202K | $221K | $117K | $18K | — | View 990 |
| 2016 | $302K | $248K | $112K | $4K | — | View 990 |
| 2015 | $214K | $194K | $57K | $3K | — | View 990 |
| 2014 | $115K | $60K | $91K | $3K | — | View 990 |
| 2013 | $243K | $190K | $71K | $3K | — | View 990 |
| 2012 | $382K | $188K | $85K | $4K | — | View 990 |
| 2011 | $86K | $385K | $45K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $188K, expenses of $207K, and assets of $92K (revenue +21.6% year-over-year).
- 2023: Revenue of $155K, expenses of $202K, and assets of $116K (revenue -22.2% year-over-year).
- 2022: Revenue of $199K, expenses of $227K, and assets of $165K (revenue +57.2% year-over-year).
- 2021: Revenue of $126K, expenses of $213K, and assets of $108K (revenue -26.4% year-over-year).
- 2020: Revenue of $172K, expenses of $190K, and assets of $181K (revenue +0.8% year-over-year).
- 2019: Revenue of $170K, expenses of $180K, and assets of $111K (revenue -15.6% year-over-year).
- 2018: Revenue of $202K, expenses of $209K, and assets of $127K (revenue -0.2% year-over-year).
- 2017: Revenue of $202K, expenses of $221K, and assets of $117K (revenue -33.1% year-over-year).
- 2016: Revenue of $302K, expenses of $248K, and assets of $112K (revenue +41.3% year-over-year).
- 2015: Revenue of $214K, expenses of $194K, and assets of $57K (revenue +86.9% year-over-year).
- 2014: Revenue of $115K, expenses of $60K, and assets of $91K (revenue -52.9% year-over-year).
- 2013: Revenue of $243K, expenses of $190K, and assets of $71K (revenue -36.3% year-over-year).
- 2012: Revenue of $382K, expenses of $188K, and assets of $85K (revenue +341.4% year-over-year).
- 2011: Revenue of $86K, expenses of $385K, and assets of $45K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Children At Heart Adoption Services:
Data Sources and Methodology
This transparency report for Children At Heart Adoption Services 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.