Grateful Hearts Inc
EIN: 871495038 · Las Vegas, NV · NTEE: B21
| Metric | Value |
|---|---|
| Total Revenue | $120 |
| Total Expenses | $9K |
| Net Assets | $-7,984 |
Is Grateful Hearts Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Grateful Hearts Inc
Grateful Hearts Inc (EIN: 871495038) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code B21. The organization reported total revenue of $120 and total assets of $5K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grateful Hearts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grateful Hearts Inc is a micro nonprofit that has been operating for 4 years, with 3 years of IRS 990 filings on record (2021–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $210 |
| Total Expenses | $9K |
| Surplus / Deficit | $-8,588 |
| Total Assets | $3K |
| Total Liabilities | $11K |
| Net Assets | $-7,984 |
| Operating Margin | -4089.5% |
| Debt-to-Asset Ratio | 349.0% |
| Months of Reserves | 4.4 months |
Financial Health Grade: C
In 2023, Grateful Hearts Inc reported a deficit of $9K with expenses exceeding revenue, holds 4.4 months of operating reserves (adequate), has a debt-to-asset ratio of 349.0% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -65.2% | — | -47.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Grateful Hearts Inc 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 Grateful Hearts Inc 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 $9K, with expenses exceeding revenue.
- Debt-to-asset ratio: 349.0%.
Frequently Asked Questions about Grateful Hearts Inc
Is Grateful Hearts Inc a legitimate charity?
Grateful Hearts Inc (EIN: 871495038) is a registered tax-exempt nonprofit based in Nevada. It has 3 years of IRS 990 filings on record. Total revenue: $120. No red flags identified. Financial health grade: C.
How does Grateful Hearts Inc spend its money?
Grateful Hearts Inc reported $120 in total revenue in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Grateful Hearts Inc tax-deductible?
Grateful Hearts Inc is registered as a tax-exempt nonprofit (EIN: 871495038). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Grateful Hearts Inc located?
Grateful Hearts Inc is headquartered in Las Vegas, Nevada and files with the IRS under EIN 871495038. It is classified under NTEE code B21.
How many years of IRS 990 filings does Grateful Hearts Inc have?
Grateful Hearts Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $120 in total revenue.
Filing History
IRS 990 filing history for Grateful Hearts Inc showing financial trends over 3 years of public records:
Total assets increased by 320500% over the same period, from $1 to $3K. In its most recent filing year (2023), Grateful Hearts Inc reported a deficit of $9K, with expenses exceeding revenue. The organization holds $11K in liabilities against $3K in assets (debt-to-asset ratio: 349.0%), resulting in net assets of $-7,984.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $210 | $9K | $3K | $11K | — | View 990 |
| 2022 | $604 | $0 | $6K | $5K | — | View 990 |
| 2021 | $0 | $0 | $1 | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $210, expenses of $9K, and assets of $3K (revenue -65.2% year-over-year).
- 2022: Revenue of $604, expenses of $0, and assets of $6K.
- 2021: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grateful Hearts Inc:
Data Sources and Methodology
This transparency report for Grateful Hearts Inc 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.