Heart Math Tutoring Inc
EIN: 464366030 · Charlotte, NC · NTEE: B99
| Metric | Value |
|---|---|
| Total Revenue | $4.8M |
| Total Expenses | $2.9M |
| Net Assets | $4.5M |
Is Heart Math Tutoring Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Heart Math Tutoring Inc
Heart Math Tutoring Inc (EIN: 464366030) is a nonprofit organization based in Charlotte, NC, classified under NTEE code B99. The organization reported total revenue of $4.8M and total assets of $6.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heart Math Tutoring Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heart Math Tutoring Inc is a mid-size nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2015–2024). Revenue has grown at a compound annual rate of 20.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.7M |
| Total Expenses | $2.9M |
| Surplus / Deficit | +$848K |
| Total Assets | $5.0M |
| Total Liabilities | $501K |
| Net Assets | $4.5M |
| Operating Margin | 22.6% |
| Debt-to-Asset Ratio | 10.0% |
| Months of Reserves | 20.8 months |
Financial Health Grade: A
In 2024, Heart Math Tutoring Inc reported a surplus of $848K with revenue exceeding expenses, holds 20.8 months of operating reserves (strong position), has a debt-to-asset ratio of 10.0% (very low leverage).
Financial Trends
Over 10 years of filings (2015–2024), Heart Math Tutoring Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +31.8% | +26.2% | +32.7% |
| 2023 | +71.7% | +38.0% | +17.6% |
| 2022 | +10.6% | +19.7% | -0.1% |
| 2021 | -41.3% | +2.5% | +4.7% |
| 2020 | +36.6% | +6.6% | +64.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Heart Math Tutoring 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 Heart Math Tutoring 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $848K, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.0%.
Frequently Asked Questions about Heart Math Tutoring Inc
Is Heart Math Tutoring Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Heart Math Tutoring Inc (EIN: 464366030) insufficient data. 0 red flags identified, 0 strengths noted.
How does Heart Math Tutoring Inc spend its money?
Detailed spending breakdown data is not yet available for Heart Math Tutoring Inc. Check back for updated IRS 990 analysis.
Are donations to Heart Math Tutoring Inc tax-deductible?
Heart Math Tutoring Inc is registered as a tax-exempt nonprofit (EIN: 464366030). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Heart Math Tutoring Inc located?
Heart Math Tutoring Inc is headquartered in Charlotte, North Carolina and files with the IRS under EIN 464366030. It is classified under NTEE code B99.
How many years of IRS 990 filings does Heart Math Tutoring Inc have?
Heart Math Tutoring Inc 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 $4.8M in total revenue.
Filing History
IRS 990 filing history for Heart Math Tutoring Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2015–2024), Heart Math Tutoring Inc's revenue has grown by 418.8%, moving from $722K to $3.7M. Total assets increased by 918.5% over the same period, from $493K to $5.0M. Total functional expenses rose by 1125.9%, from $236K to $2.9M. In its most recent filing year (2024), Heart Math Tutoring Inc reported a surplus of $848K, with revenue exceeding expenses. The organization holds $501K in liabilities against $5.0M in assets (debt-to-asset ratio: 10.0%), resulting in net assets of $4.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $3.7M | $2.9M | $5.0M | $501K | — | View 990 |
| 2023 | $2.8M | $2.3M | $3.8M | $114K | — | View 990 |
| 2022 | $1.7M | $1.7M | $3.2M | $92K | — | View 990 |
| 2021 | $1.5M | $1.4M | $3.2M | $86K | — | — |
| 2020 | $2.6M | $1.4M | $3.1M | $49K | — | View 990 |
| 2019 | $1.9M | $1.3M | $1.9M | $43K | — | View 990 |
| 2018 | $1.2M | $897K | $1.3M | $49K | — | View 990 |
| 2017 | $754K | $638K | $923K | $24K | — | View 990 |
| 2016 | $709K | $412K | $802K | $19K | — | View 990 |
| 2015 | $722K | $236K | $493K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $3.7M, expenses of $2.9M, and assets of $5.0M (revenue +31.8% year-over-year).
- 2023: Revenue of $2.8M, expenses of $2.3M, and assets of $3.8M (revenue +71.7% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.7M, and assets of $3.2M (revenue +10.6% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.4M, and assets of $3.2M (revenue -41.3% year-over-year).
- 2020: Revenue of $2.6M, expenses of $1.4M, and assets of $3.1M (revenue +36.6% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.3M, and assets of $1.9M (revenue +51.1% year-over-year).
- 2018: Revenue of $1.2M, expenses of $897K, and assets of $1.3M (revenue +64.0% year-over-year).
- 2017: Revenue of $754K, expenses of $638K, and assets of $923K (revenue +6.3% year-over-year).
- 2016: Revenue of $709K, expenses of $412K, and assets of $802K (revenue -1.8% year-over-year).
- 2015: Revenue of $722K, expenses of $236K, and assets of $493K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heart Math Tutoring Inc:
Data Sources and Methodology
This transparency report for Heart Math Tutoring 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.