Gathering Hearts For Honduras
EIN: 352343264 · Broken Arrow, OK · NTEE: Q33
| Metric | Value |
|---|---|
| Total Revenue | $310K |
| Total Expenses | $277K |
| Net Assets | $506K |
Is Gathering Hearts For Honduras Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Gathering Hearts For Honduras
Gathering Hearts For Honduras (EIN: 352343264) is a nonprofit organization based in Broken Arrow, OK, classified under NTEE code Q33. The organization reported total revenue of $310K and total assets of $996K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gathering Hearts For Honduras's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gathering Hearts For Honduras is a small nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $241K |
| Total Expenses | $277K |
| Surplus / Deficit | $-36,111 |
| Total Assets | $513K |
| Total Liabilities | $8K |
| Net Assets | $506K |
| Operating Margin | -15.0% |
| Debt-to-Asset Ratio | 1.5% |
| Months of Reserves | 22.2 months |
Financial Health Grade: B
In 2023, Gathering Hearts For Honduras reported a deficit of $36K with expenses exceeding revenue, holds 22.2 months of operating reserves (strong position), has a debt-to-asset ratio of 1.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Gathering Hearts For Honduras's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.0% | +10.4% | -12.2% |
| 2022 | -14.1% | +16.0% | -3.6% |
| 2021 | +9.8% | +15.8% | +6.7% |
| 2020 | -25.8% | -27.2% | +9.9% |
| 2019 | +0.0% | -9.3% | +10.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Gathering Hearts For Honduras 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 Gathering Hearts For Honduras 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 deficit of $36K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.5%.
Frequently Asked Questions about Gathering Hearts For Honduras
Is Gathering Hearts For Honduras a legitimate charity?
Based on AI analysis of IRS 990 filings, Gathering Hearts For Honduras (EIN: 352343264) insufficient data. 0 red flags identified, 0 strengths noted.
How does Gathering Hearts For Honduras spend its money?
Detailed spending breakdown data is not yet available for Gathering Hearts For Honduras. Check back for updated IRS 990 analysis.
Are donations to Gathering Hearts For Honduras tax-deductible?
Gathering Hearts For Honduras is registered as a tax-exempt nonprofit (EIN: 352343264). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Gathering Hearts For Honduras located?
Gathering Hearts For Honduras is headquartered in Broken Arrow, Oklahoma and files with the IRS under EIN 352343264. It is classified under NTEE code Q33.
How many years of IRS 990 filings does Gathering Hearts For Honduras have?
Gathering Hearts For Honduras has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $310K in total revenue.
Filing History
IRS 990 filing history for Gathering Hearts For Honduras showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Gathering Hearts For Honduras's revenue has grown by 20.5%, moving from $200K to $241K. Total assets increased by 43.2% over the same period, from $359K to $513K. Total functional expenses rose by 71.5%, from $162K to $277K. In its most recent filing year (2023), Gathering Hearts For Honduras reported a deficit of $36K, with expenses exceeding revenue. The organization holds $8K in liabilities against $513K in assets (debt-to-asset ratio: 1.5%), resulting in net assets of $506K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $241K | $277K | $513K | $8K | — | — |
| 2022 | $230K | $251K | $585K | $4K | — | View 990 |
| 2021 | $267K | $217K | $606K | $1K | — | View 990 |
| 2020 | $243K | $187K | $568K | $13K | — | — |
| 2019 | $328K | $257K | $517K | $18K | — | View 990 |
| 2018 | $328K | $283K | $469K | $12K | — | View 990 |
| 2017 | $479K | $435K | $391K | $27K | — | — |
| 2016 | $255K | $274K | $471K | $33K | — | View 990 |
| 2015 | $474K | $430K | $397K | $0 | — | View 990 |
| 2014 | $303K | $390K | $385K | $0 | — | View 990 |
| 2013 | $213K | $199K | $375K | $0 | — | View 990 |
| 2012 | $203K | $200K | $362K | $0 | — | View 990 |
| 2011 | $200K | $162K | $359K | $159 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $241K, expenses of $277K, and assets of $513K (revenue +5.0% year-over-year).
- 2022: Revenue of $230K, expenses of $251K, and assets of $585K (revenue -14.1% year-over-year).
- 2021: Revenue of $267K, expenses of $217K, and assets of $606K (revenue +9.8% year-over-year).
- 2020: Revenue of $243K, expenses of $187K, and assets of $568K (revenue -25.8% year-over-year).
- 2019: Revenue of $328K, expenses of $257K, and assets of $517K (revenue +0.0% year-over-year).
- 2018: Revenue of $328K, expenses of $283K, and assets of $469K (revenue -31.5% year-over-year).
- 2017: Revenue of $479K, expenses of $435K, and assets of $391K (revenue +87.9% year-over-year).
- 2016: Revenue of $255K, expenses of $274K, and assets of $471K (revenue -46.3% year-over-year).
- 2015: Revenue of $474K, expenses of $430K, and assets of $397K (revenue +56.8% year-over-year).
- 2014: Revenue of $303K, expenses of $390K, and assets of $385K (revenue +42.3% year-over-year).
- 2013: Revenue of $213K, expenses of $199K, and assets of $375K (revenue +4.7% year-over-year).
- 2012: Revenue of $203K, expenses of $200K, and assets of $362K (revenue +1.4% year-over-year).
- 2011: Revenue of $200K, expenses of $162K, and assets of $359K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gathering Hearts For Honduras:
Data Sources and Methodology
This transparency report for Gathering Hearts For Honduras 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.