Hearing Charities Of America
Hearing Charities Of America reports significant revenue growth and asset accumulation with 0% officer compensation in its latest filing.
EIN: 208572520 · Kansas City, MO · NTEE: P87 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $447K |
| Total Expenses | $179K |
| Program Spending | 85% |
| Net Assets | $488K |
| Transparency Score | 92/100 |
Is Hearing Charities Of America Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hearing Charities Of America directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hearing Charities Of America
Hearing Charities Of America (EIN: 208572520) is a nonprofit organization based in Kansas City, MO, classified under NTEE code P87. The organization reported total revenue of $447K and total assets of $500K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hearing Charities Of America's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hearing Charities Of America is a small nonprofit that has been operating for 9 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 53.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $446K |
| Total Expenses | $179K |
| Surplus / Deficit | +$266K |
| Total Assets | $500K |
| Total Liabilities | $12K |
| Net Assets | $488K |
| Operating Margin | 59.7% |
| Debt-to-Asset Ratio | 2.5% |
| Months of Reserves | 33.4 months |
Financial Health Grade: A
In 2024, Hearing Charities Of America reported a surplus of $266K with revenue exceeding expenses, holds 33.4 months of operating reserves (strong position), has a debt-to-asset ratio of 2.5% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Hearing Charities Of America's revenue has grown at a compound annual growth rate (CAGR) of 53.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +277.4% | +104.7% | +117.3% |
| 2023 | +11.4% | -1.4% | +7.9% |
| 2022 | +4.8% | +24.9% | +22.4% |
| 2021 | -18.5% | -19.9% | +20.9% |
| 2020 | -5.4% | -26.4% | +31.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
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 Hearing Charities Of America with a Mission Score of 92 out of 100 (Excellent). 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, Hearing Charities Of America 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 surplus of $266K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.5%.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that no officers or key employees receive salaries from the organization. This is highly commendable and suggests a volunteer-led or very lean operational structure, ensuring all funds are directed towards the mission.
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.
Strengths
The following positive indicators were identified for Hearing Charities Of America:
- Significant revenue growth in the latest period ($445,550 in 202406 vs. $118,046 in 202306).
- Consistent 0% officer compensation across all filings, indicating high transparency and mission focus.
- Substantial asset growth from $13,408 in 201506 to $499,849 in 202406, demonstrating financial stability.
- Low expense ratio relative to revenue in the latest period (expenses are ~40% of revenue), suggesting efficient operations.
- Positive net assets and low liabilities ($12,293 in 202406) indicate strong financial management.
Frequently Asked Questions about Hearing Charities Of America
Is Hearing Charities Of America a legitimate charity?
Hearing Charities Of America (EIN: 208572520) is a registered tax-exempt nonprofit based in Missouri. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $447K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Hearing Charities Of America spend its money?
Hearing Charities Of America directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hearing Charities Of America tax-deductible?
Hearing Charities Of America is registered as a tax-exempt nonprofit (EIN: 208572520). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hearing Charities Of America's spending goes to programs?
Hearing Charities Of America directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hearing Charities Of America compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Hearing Charities Of America is above average for NTEE category P87 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hearing Charities Of America located?
Hearing Charities Of America is headquartered in Kansas City, Missouri and files with the IRS under EIN 208572520. It is classified under NTEE code P87.
How many years of IRS 990 filings does Hearing Charities Of America have?
Hearing Charities Of America 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 $447K in total revenue.
Is Hearing Charities Of America a good charity?
Based on the provided financial data, Hearing Charities Of America appears to be a very good charity. It demonstrates strong financial health, significant asset growth, and a commendable commitment to directing all funds to its mission by reporting 0% officer compensation.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved, especially in the latest period. Revenue jumped from $118,046 in 202306 to $445,550 in 202406, and assets grew from $13,408 in 201506 to $499,849 in 202406, indicating robust growth and stability.
What is the organization's approach to executive compensation?
Hearing Charities Of America reports 0% officer compensation in all available filings, indicating a strong commitment to minimizing administrative overhead and maximizing funds for its charitable programs.
How efficient is Hearing Charities Of America with its spending?
The organization appears highly efficient. In the 202406 period, expenses were $179,395 against revenue of $445,550, meaning only about 40% of revenue was spent, allowing for significant asset growth. This suggests a high proportion of funds are either saved or directly applied to programs.
Filing History
IRS 990 filing history for Hearing Charities Of America showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Hearing Charities Of America's revenue has grown by 16606%, moving from $3K to $446K. Total assets increased by 9617.1% over the same period, from $5K to $500K. Total functional expenses rose by 9961.4%, from $2K to $179K. In its most recent filing year (2024), Hearing Charities Of America reported a surplus of $266K, with revenue exceeding expenses. The organization holds $12K in liabilities against $500K in assets (debt-to-asset ratio: 2.5%), resulting in net assets of $488K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $446K | $179K | $500K | $12K | — | — |
| 2023 | $118K | $88K | $230K | $9K | — | View 990 |
| 2022 | $106K | $89K | $213K | $22K | — | View 990 |
| 2021 | $101K | $71K | $174K | $238 | — | View 990 |
| 2020 | $124K | $89K | $144K | $67 | — | View 990 |
| 2019 | $131K | $121K | $109K | $488 | — | View 990 |
| 2018 | $157K | $122K | $99K | $519 | — | View 990 |
| 2017 | $163K | $170K | $76K | $13K | — | View 990 |
| 2016 | $119K | $59K | $73K | $2K | — | View 990 |
| 2015 | $51K | $40K | $13K | $3K | — | View 990 |
| 2014 | $22K | $21K | $3K | $4K | — | View 990 |
| 2013 | $15K | $16K | $3K | $5K | — | View 990 |
| 2012 | $3K | $2K | $5K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $446K, expenses of $179K, and assets of $500K (revenue +277.4% year-over-year).
- 2023: Revenue of $118K, expenses of $88K, and assets of $230K (revenue +11.4% year-over-year).
- 2022: Revenue of $106K, expenses of $89K, and assets of $213K (revenue +4.8% year-over-year).
- 2021: Revenue of $101K, expenses of $71K, and assets of $174K (revenue -18.5% year-over-year).
- 2020: Revenue of $124K, expenses of $89K, and assets of $144K (revenue -5.4% year-over-year).
- 2019: Revenue of $131K, expenses of $121K, and assets of $109K (revenue -16.6% year-over-year).
- 2018: Revenue of $157K, expenses of $122K, and assets of $99K (revenue -3.4% year-over-year).
- 2017: Revenue of $163K, expenses of $170K, and assets of $76K (revenue +36.5% year-over-year).
- 2016: Revenue of $119K, expenses of $59K, and assets of $73K (revenue +133.5% year-over-year).
- 2015: Revenue of $51K, expenses of $40K, and assets of $13K (revenue +135.8% year-over-year).
- 2014: Revenue of $22K, expenses of $21K, and assets of $3K (revenue +46.6% year-over-year).
- 2013: Revenue of $15K, expenses of $16K, and assets of $3K (revenue +453.5% year-over-year).
- 2012: Revenue of $3K, expenses of $2K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hearing Charities Of America:
Data Sources and Methodology
This transparency report for Hearing Charities Of America 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.