Heart Gallery Of Alabama Inc
Heart Gallery Of Alabama Inc shows consistent growth and strong financial health with no reported officer compensation.
EIN: 203026109 · Birmingham, AL · NTEE: P40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $423K |
| Program Spending | 85% |
| Net Assets | $835K |
| Transparency Score | 90/100 |
Is Heart Gallery Of Alabama Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Heart Gallery Of Alabama Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Heart Gallery Of Alabama Inc
Heart Gallery Of Alabama Inc (EIN: 203026109) is a nonprofit organization based in Birmingham, AL, classified under NTEE code P40. The organization reported total revenue of $1.6M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heart Gallery Of Alabama Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heart Gallery Of Alabama Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $576K |
| Total Expenses | $423K |
| Surplus / Deficit | +$153K |
| Total Assets | $967K |
| Total Liabilities | $132K |
| Net Assets | $835K |
| Operating Margin | 26.6% |
| Debt-to-Asset Ratio | 13.6% |
| Months of Reserves | 27.4 months |
Financial Health Grade: A
In 2023, Heart Gallery Of Alabama Inc reported a surplus of $153K with revenue exceeding expenses, holds 27.4 months of operating reserves (strong position), has a debt-to-asset ratio of 13.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Heart Gallery Of Alabama Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +33.8% | -21.6% | +23.0% |
| 2022 | -1.8% | +49.7% | +7.3% |
| 2021 | +17.7% | +12.7% | +18.0% |
| 2020 | -19.3% | -16.3% | +15.8% |
| 2019 | +2.7% | +2.0% | +25.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Heart Gallery Of Alabama Inc with a Mission Score of 90 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, Heart Gallery Of Alabama Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $153K, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.6%.
Executive Compensation Analysis
Heart Gallery Of Alabama Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size and revenue, suggesting a volunteer-led executive team or alternative compensation structures.
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 Heart Gallery Of Alabama Inc's IRS 990 filings:
- Unusually low liabilities relative to assets, which could indicate conservative accounting or minimal debt, but warrants further investigation into operational funding if not primarily grant-funded.
- The consistent 0% officer compensation is unusual for an organization of this size and could imply that key leadership roles are volunteer-based or compensated through non-officer categories, which might not be fully transparent without deeper review.
Strengths
The following positive indicators were identified for Heart Gallery Of Alabama Inc:
- Consistent revenue growth over the past decade, from $217,910 in 2014 to $576,405 in 2023.
- Strong financial stability with assets ($966,539 in 2023) significantly exceeding liabilities ($131,922 in 2023).
- No reported officer compensation across all 13 filings, indicating a strong commitment to program spending and transparency.
- Positive net income in most years, allowing for asset growth and reinvestment into the mission.
- Efficient spending, as evidenced by expenses generally being well below revenue, creating a surplus for the organization.
Frequently Asked Questions about Heart Gallery Of Alabama Inc
Is Heart Gallery Of Alabama Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Heart Gallery Of Alabama Inc (EIN: 203026109) some concerns. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
How does Heart Gallery Of Alabama Inc spend its money?
Heart Gallery Of Alabama Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Heart Gallery Of Alabama Inc tax-deductible?
Heart Gallery Of Alabama Inc is registered as a tax-exempt nonprofit (EIN: 203026109). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Heart Gallery Of Alabama Inc's spending goes to programs?
Heart Gallery Of Alabama Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Heart Gallery Of Alabama Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Heart Gallery Of Alabama Inc is above average for NTEE category P40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Heart Gallery Of Alabama Inc located?
Heart Gallery Of Alabama Inc is headquartered in Birmingham, Alabama and files with the IRS under EIN 203026109. It is classified under NTEE code P40.
How many years of IRS 990 filings does Heart Gallery Of Alabama Inc have?
Heart Gallery Of Alabama Inc 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 $1.6M in total revenue.
Is Heart Gallery Of Alabama Inc a good charity?
Based on its financial data, Heart Gallery Of Alabama Inc appears to be a good charity. It demonstrates strong financial health, consistent revenue growth, and a notable commitment to directing funds towards its mission by reporting 0% officer compensation across all filings.
How has Heart Gallery Of Alabama Inc's revenue trended over time?
Heart Gallery Of Alabama Inc has shown a strong upward trend in revenue, growing from $217,910 in 2014 to $576,405 in 2023, with a peak latest revenue of $1,645,561, indicating significant growth and fundraising success.
What is the organization's financial stability?
The organization exhibits strong financial stability, with assets of $966,539 significantly outweighing liabilities of $131,922 in 2023, and a consistent history of asset growth.
Does Heart Gallery Of Alabama Inc pay its executives?
According to all available IRS 990 filings, Heart Gallery Of Alabama Inc reports 0% officer compensation, suggesting that its executives are either unpaid volunteers or compensated through means not classified as officer compensation on the 990.
What is the organization's spending efficiency?
In 2023, Heart Gallery Of Alabama Inc spent $423,105 against revenues of $576,405, indicating efficient management of resources and a surplus for future programming or reserves.
Filing History
IRS 990 filing history for Heart Gallery Of Alabama Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Heart Gallery Of Alabama Inc's revenue has grown by 263.2%, moving from $159K to $576K. Total assets increased by 555.3% over the same period, from $147K to $967K. Total functional expenses rose by 354.6%, from $93K to $423K. In its most recent filing year (2023), Heart Gallery Of Alabama Inc reported a surplus of $153K, with revenue exceeding expenses. The organization holds $132K in liabilities against $967K in assets (debt-to-asset ratio: 13.6%), resulting in net assets of $835K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $576K | $423K | $967K | $132K | — | View 990 |
| 2022 | $431K | $540K | $786K | $152K | — | View 990 |
| 2021 | $439K | $361K | $732K | $17K | — | View 990 |
| 2020 | $373K | $320K | $620K | $7K | — | — |
| 2019 | $462K | $382K | $536K | $6K | — | View 990 |
| 2018 | $450K | $375K | $427K | $8K | — | View 990 |
| 2017 | $323K | $311K | $364K | $7K | — | View 990 |
| 2016 | $289K | $260K | $337K | $10K | — | View 990 |
| 2015 | $247K | $258K | $296K | $4K | — | View 990 |
| 2014 | $218K | $200K | $249K | $2K | — | View 990 |
| 2013 | $224K | $188K | $231K | $2K | — | View 990 |
| 2012 | $201K | $154K | $196K | $2K | — | View 990 |
| 2011 | $159K | $93K | $147K | $852 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $576K, expenses of $423K, and assets of $967K (revenue +33.8% year-over-year).
- 2022: Revenue of $431K, expenses of $540K, and assets of $786K (revenue -1.8% year-over-year).
- 2021: Revenue of $439K, expenses of $361K, and assets of $732K (revenue +17.7% year-over-year).
- 2020: Revenue of $373K, expenses of $320K, and assets of $620K (revenue -19.3% year-over-year).
- 2019: Revenue of $462K, expenses of $382K, and assets of $536K (revenue +2.7% year-over-year).
- 2018: Revenue of $450K, expenses of $375K, and assets of $427K (revenue +39.4% year-over-year).
- 2017: Revenue of $323K, expenses of $311K, and assets of $364K (revenue +11.6% year-over-year).
- 2016: Revenue of $289K, expenses of $260K, and assets of $337K (revenue +17.0% year-over-year).
- 2015: Revenue of $247K, expenses of $258K, and assets of $296K (revenue +13.3% year-over-year).
- 2014: Revenue of $218K, expenses of $200K, and assets of $249K (revenue -2.6% year-over-year).
- 2013: Revenue of $224K, expenses of $188K, and assets of $231K (revenue +11.1% year-over-year).
- 2012: Revenue of $201K, expenses of $154K, and assets of $196K (revenue +26.9% year-over-year).
- 2011: Revenue of $159K, expenses of $93K, and assets of $147K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heart Gallery Of Alabama Inc:
Data Sources and Methodology
This transparency report for Heart Gallery Of Alabama 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.