Good Heart Work Smart Foundation
Good Heart Work Smart Foundation experiences extreme revenue volatility, including negative revenue in 2023, while maintaining low liabilities and no reported officer compensation.
EIN: 205836042 · Oak Park, IL · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.5M |
| Total Expenses | $744K |
| Program Spending | 70% |
| Net Assets | $2.0M |
| Transparency Score | 65/100 |
Search Intent Cockpit
Good Heart Work Smart Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Good Heart Work Smart Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Good Heart Work Smart Foundation in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $-120,557 and expenses of $744K.
Revenue and Expenses
Revenue, expense, and surplus data is shown where available from IRS 990 records.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
65/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is Good Heart Work Smart Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $520K (70%) |
Across stored filings, Good Heart Work Smart Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 70% to programs | Good |
| Financial durability | Grade B | 10 stored filing years |
| Peer context | Compare with Shorefront | Illinois and Philanthropy context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
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Local and Sector Spokes
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Oak Park, IL nonprofitsPhilanthropy in Illinois
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Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Keep the Investigation Moving
Good Heart Work Smart Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Good Heart Work Smart Foundation
Good Heart Work Smart Foundation (EIN: 205836042) is a nonprofit organization based in Oak Park, IL, classified under NTEE code T22. The organization reported total revenue of $4.5M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Good Heart Work Smart Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Good Heart Work Smart Foundation is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -123.6% | -63.3% | -25.2% |
| 2022 | -92.2% | -34.6% | -38.4% |
| 2021 | +101.0% | +127.0% | +130.0% |
| 2020 | +213.1% | -56.4% | +7408.2% |
| 2019 | +27.9% | +392.9% | -98.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Good Heart Work Smart Foundation 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Good Heart Work Smart Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's officers are not drawing salaries, which is highly unusual for an organization with revenues reaching millions and suggests a volunteer-led or externally funded leadership structure.
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 Good Heart Work Smart Foundation's IRS 990 filings:
- Extreme revenue volatility, including negative revenue in 2023 ($-120,557), indicating unpredictable funding.
- Significant decline in assets from $4,415,503 in 2021 to $2,033,361 in 2023, suggesting potential financial strain or major asset divestment.
- Expenses ($743,531) significantly exceeded revenue ($-120,557) in 2023, leading to a net loss for the year.
Strengths
The following positive indicators were identified for Good Heart Work Smart Foundation:
- Consistently low liabilities, often reported as $1 in recent years, indicating strong balance sheet health.
- 0% reported officer compensation across all filings, suggesting a commitment to minimizing executive overhead.
- Long filing history (10 filings), indicating consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Good Heart Work Smart Foundation
Is Good Heart Work Smart Foundation a legitimate charity?
Good Heart Work Smart Foundation (EIN: 205836042) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $4.5M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Good Heart Work Smart Foundation spend its money?
Good Heart Work Smart Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Good Heart Work Smart Foundation tax-deductible?
Good Heart Work Smart Foundation is registered as a tax-exempt nonprofit (EIN: 205836042). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Good Heart Work Smart Foundation's spending goes to programs?
Good Heart Work Smart Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Good Heart Work Smart Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Good Heart Work Smart Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Good Heart Work Smart Foundation located?
Good Heart Work Smart Foundation is headquartered in Oak Park, Illinois and files with the IRS under EIN 205836042. It is classified under NTEE code T22.
How many years of IRS 990 filings does Good Heart Work Smart Foundation have?
Good Heart Work Smart Foundation has 10 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 $4.5M in total revenue.
Why did Good Heart Work Smart Foundation report negative revenue of $-120,557 in 2023?
Negative revenue can occur due to significant returns of contributions, adjustments for prior period errors, or substantial investment losses exceeding other income. This specific instance requires a deeper dive into the 2023 IRS Form 990, Part VIII, Statement of Revenue, to understand the exact cause.
What caused the substantial drop in assets from $4,415,503 in 2021 to $2,033,361 in 2023?
The significant decrease in assets could be due to substantial spending on programs, investment losses, or the sale of assets without reinvestment. Given the negative revenue in 2023, it's plausible that expenses exceeded income, drawing down reserves.
How does the organization sustain its operations with 0% officer compensation?
A 0% officer compensation suggests that key leadership roles might be filled by volunteers, or that compensation is covered by a related entity, or that officers are compensated through non-salary means not reported in this section. This practice, while potentially efficient, warrants further inquiry into the operational model.
What is the specific breakdown of program, administrative, and fundraising expenses for Good Heart Work Smart Foundation?
The provided summary data does not offer a detailed breakdown of these expense categories. To understand spending efficiency, one would need to review Part IX, Statement of Functional Expenses, of the organization's IRS Form 990 filings.
Filing History
IRS 990 filing history for Good Heart Work Smart Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Good Heart Work Smart Foundation's revenue has declined by 110.3%, moving from $1.2M to $-120,557. Total assets increased by 93% over the same period, from $1.1M to $2.0M. Total functional expenses fell by 0.4%, from $746K to $744K. The organization holds $8K in liabilities against $2.0M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-120,557 | $744K | $2.0M | $8K | — | — |
| 2022 | $510K | $2.0M | $2.7M | $1 | — | View 990 |
| 2021 | $6.6M | $3.1M | $4.4M | $1 | — | View 990 |
| 2020 | $3.3M | $1.4M | $1.9M | $1 | — | — |
| 2019 | $1.0M | $3.1M | $26K | $3K | — | — |
| 2015 | $815K | $635K | $1.6M | $6K | — | View 990 |
| 2014 | $578K | $387K | $1.5M | $15K | — | View 990 |
| 2013 | $440K | $352K | $1.3M | $65K | — | View 990 |
| 2012 | $635K | $529K | $1.2M | $31K | — | View 990 |
| 2011 | $1.2M | $746K | $1.1M | $16K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-120,557, expenses of $744K, and assets of $2.0M (revenue -123.6% year-over-year).
- 2022: Revenue of $510K, expenses of $2.0M, and assets of $2.7M (revenue -92.2% year-over-year).
- 2021: Revenue of $6.6M, expenses of $3.1M, and assets of $4.4M (revenue +101.0% year-over-year).
- 2020: Revenue of $3.3M, expenses of $1.4M, and assets of $1.9M (revenue +213.1% year-over-year).
- 2019: Revenue of $1.0M, expenses of $3.1M, and assets of $26K (revenue +27.9% year-over-year).
- 2015: Revenue of $815K, expenses of $635K, and assets of $1.6M (revenue +41.1% year-over-year).
- 2014: Revenue of $578K, expenses of $387K, and assets of $1.5M (revenue +31.3% year-over-year).
- 2013: Revenue of $440K, expenses of $352K, and assets of $1.3M (revenue -30.7% year-over-year).
- 2012: Revenue of $635K, expenses of $529K, and assets of $1.2M (revenue -45.7% year-over-year).
- 2011: Revenue of $1.2M, expenses of $746K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Good Heart Work Smart Foundation:
Data Sources and Methodology
This transparency report for Good Heart Work Smart Foundation 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.