Heart Of Camden Inc
Heart Of Camden Inc: Strong Program Spending, but Transparency Lacking
EIN: 222589999 · Camden, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $734K |
| Program Spending | 88% |
| Net Assets | $522K |
| Transparency Score | 75/100 |
Is Heart Of Camden Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Heart Of Camden Inc directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Heart Of Camden Inc
Heart Of Camden Inc (EIN: 222589999) is a nonprofit organization based in Camden, NJ. The organization reported total revenue of $1.2M and total assets of $625K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heart Of Camden Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heart Of Camden Inc is a mid-size nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -11.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $838K |
| Total Expenses | $734K |
| Surplus / Deficit | +$105K |
| Total Assets | $604K |
| Total Liabilities | $82K |
| Net Assets | $522K |
| Operating Margin | 12.5% |
| Debt-to-Asset Ratio | 13.6% |
| Months of Reserves | 9.9 months |
Financial Health Grade: A
In 2023, Heart Of Camden Inc reported a surplus of $105K with revenue exceeding expenses, holds 9.9 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 Of Camden Inc's revenue has declined at a compound annual growth rate (CAGR) of -11.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.4% | -8.7% | +9.1% |
| 2022 | +8.6% | +23.7% | -0.7% |
| 2021 | +67.1% | +34.5% | +19.0% |
| 2020 | +39.6% | -37.4% | +27.0% |
| 2019 | -40.6% | -6.3% | -59.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Of Camden Inc with a Mission Score of 75 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: 7%
- programs: 88%
- fundraising: 5%
According to IRS 990 filings, Heart Of Camden Inc allocates its expenses as follows: admin: 7%, programs: 88%, fundraising: 5%. With 88% 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 $105K, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.6%.
Executive Compensation Analysis
Executive compensation information is not explicitly detailed in the provided data, making a specific assessment difficult without further filings.
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 Of Camden Inc's IRS 990 filings:
- Lack of detailed executive compensation disclosure.
- Limited information on program specifics and measurable outcomes on public platforms.
Strengths
The following positive indicators were identified for Heart Of Camden Inc:
- Consistently high percentage of expenses allocated to programs (88% in 2023).
- Positive net assets in recent years, indicating financial stability.
- Consistent revenue generation over the past several years.
Frequently Asked Questions about Heart Of Camden Inc
Is Heart Of Camden Inc a legitimate charity?
Heart Of Camden Inc (EIN: 222589999) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.2M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Heart Of Camden Inc spend its money?
Heart Of Camden Inc directs 88% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Heart Of Camden Inc tax-deductible?
Heart Of Camden Inc is registered as a tax-exempt nonprofit (EIN: 222589999). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Heart Of Camden Inc's spending goes to programs?
Heart Of Camden Inc directs 88% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Heart Of Camden Inc located?
Heart Of Camden Inc is headquartered in Camden, New Jersey and files with the IRS under EIN 222589999.
How many years of IRS 990 filings does Heart Of Camden Inc have?
Heart Of Camden 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 $1.2M in total revenue.
What does Heart Of Camden Inc do?
Heart Of Camden Inc is a nonprofit organization in the Unknown sector, located in Camden, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Heart Of Camden Inc have?
Heart Of Camden Inc reported total revenue of $1,203,417. Based on 13 IRS 990 filings on record.
What are Heart Of Camden Inc's total assets?
Heart Of Camden Inc holds total assets of $624,626 as reported in IRS 990 filings.
Where is Heart Of Camden Inc located?
Heart Of Camden Inc is based in Camden, New Jersey.
What is Heart Of Camden Inc's EIN?
Heart Of Camden Inc's Employer Identification Number (EIN) is 222589999. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Heart Of Camden Inc?
Heart Of Camden Inc is classified under NTEE code Unknown (Unknown).
Is Heart Of Camden Inc a registered 501(c)(3)?
Heart Of Camden Inc appears in IRS records (EIN: 222589999). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Heart Of Camden Inc file IRS Form 990?
Yes, Heart Of Camden Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Heart Of Camden Inc's revenue in 2023?
In the 202312 filing period, Heart Of Camden Inc reported total revenue of $838,334, total expenses of $733,513, and net assets of $604,036.
Is Heart Of Camden Inc's revenue growing or declining?
Heart Of Camden Inc's revenue is declining. Revenue went from $925,806 (202212) to $838,334 (202312), a -9.4% change. Based on 13 filings on record.
What is Heart Of Camden Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Heart Of Camden Inc covers tax period 202312. It shows revenue of $838,334, expenses of $733,513, total assets of $604,036, and liabilities of $82,091.
How much does Heart Of Camden Inc spend on programs vs administration?
Based on IRS 990 analysis, Heart Of Camden Inc allocates approximately 88% of expenses to program services, 7% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Heart Of Camden Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Heart Of Camden Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Heart Of Camden Inc?
The following concerns were identified: Lack of detailed executive compensation disclosure.. Limited information on program specifics and measurable outcomes on public platforms.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Heart Of Camden Inc's strengths?
Positive indicators for Heart Of Camden Inc include: Consistently high percentage of expenses allocated to programs (88% in 2023).. Positive net assets in recent years, indicating financial stability.. Consistent revenue generation over the past several years.. These findings are derived from AI analysis of the organization's financial filings.
How does Heart Of Camden Inc compensate executives?
Executive compensation information is not explicitly detailed in the provided data, making a specific assessment difficult without further filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What specific programs does Heart Of Camden Inc operate, and what are their measurable impacts?
The provided data indicates a high percentage of spending on programs, but specific program names, goals, and measurable outcomes are not detailed. Further investigation into their annual reports or program brochures would be necessary to answer this.
How does Heart Of Camden Inc ensure its administrative and fundraising costs remain low relative to program spending?
With administrative costs at 7% and fundraising at 5% in 2023, the organization demonstrates efficient operations. This could be due to a lean staff, volunteer reliance, or effective cost-management strategies, though specific details are not available in the provided data.
Filing History
IRS 990 filing history for Heart Of Camden Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Heart Of Camden Inc's revenue has declined by 77%, moving from $3.7M to $838K. Total assets decreased by 70.9% over the same period, from $2.1M to $604K. Total functional expenses fell by 80.5%, from $3.8M to $734K. In its most recent filing year (2023), Heart Of Camden Inc reported a surplus of $105K, with revenue exceeding expenses. The organization holds $82K in liabilities against $604K in assets (debt-to-asset ratio: 13.6%), resulting in net assets of $522K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $838K | $734K | $604K | $82K | — | — |
| 2022 | $926K | $803K | $554K | $137K | — | View 990 |
| 2021 | $853K | $649K | $558K | $263K | — | View 990 |
| 2020 | $510K | $483K | $468K | $377K | — | View 990 |
| 2019 | $366K | $772K | $369K | $305K | — | View 990 |
| 2018 | $616K | $824K | $909K | $371K | — | View 990 |
| 2017 | $546K | $734K | $1.2M | $467K | — | View 990 |
| 2016 | $659K | $1.6M | $1.4M | $514K | — | View 990 |
| 2015 | $946K | $1.1M | $2.4M | $485K | — | View 990 |
| 2014 | $649K | $1.0M | $2.4M | $341K | — | View 990 |
| 2013 | $2.3M | $2.1M | $3.0M | $521K | — | View 990 |
| 2012 | $4.5M | $4.1M | $2.8M | $610K | — | View 990 |
| 2011 | $3.7M | $3.8M | $2.1M | $306K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $838K, expenses of $734K, and assets of $604K (revenue -9.4% year-over-year).
- 2022: Revenue of $926K, expenses of $803K, and assets of $554K (revenue +8.6% year-over-year).
- 2021: Revenue of $853K, expenses of $649K, and assets of $558K (revenue +67.1% year-over-year).
- 2020: Revenue of $510K, expenses of $483K, and assets of $468K (revenue +39.6% year-over-year).
- 2019: Revenue of $366K, expenses of $772K, and assets of $369K (revenue -40.6% year-over-year).
- 2018: Revenue of $616K, expenses of $824K, and assets of $909K (revenue +12.7% year-over-year).
- 2017: Revenue of $546K, expenses of $734K, and assets of $1.2M (revenue -17.1% year-over-year).
- 2016: Revenue of $659K, expenses of $1.6M, and assets of $1.4M (revenue -30.4% year-over-year).
- 2015: Revenue of $946K, expenses of $1.1M, and assets of $2.4M (revenue +45.8% year-over-year).
- 2014: Revenue of $649K, expenses of $1.0M, and assets of $2.4M (revenue -71.9% year-over-year).
- 2013: Revenue of $2.3M, expenses of $2.1M, and assets of $3.0M (revenue -49.1% year-over-year).
- 2012: Revenue of $4.5M, expenses of $4.1M, and assets of $2.8M (revenue +24.5% year-over-year).
- 2011: Revenue of $3.7M, expenses of $3.8M, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heart Of Camden Inc:
Data Sources and Methodology
This transparency report for Heart Of Camden 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.