Heart Trust Inc
Heart Trust Inc shows volatile revenue and occasional deficits, but maintains strong assets and zero officer compensation.
EIN: 205536661 · Westport, CT · NTEE: E12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $164K |
| Total Expenses | $191K |
| Program Spending | 75% |
| Net Assets | $442K |
| Transparency Score | 75/100 |
Is Heart Trust Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Heart Trust Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Heart Trust Inc
Heart Trust Inc (EIN: 205536661) is a nonprofit organization based in Westport, CT, classified under NTEE code E12. The organization reported total revenue of $164K and total assets of $445K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heart Trust Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heart Trust Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $164K |
| Total Expenses | $191K |
| Surplus / Deficit | $-27,597 |
| Total Assets | $442K |
| Net Assets | $442K |
| Operating Margin | -16.9% |
| Months of Reserves | 27.7 months |
Financial Health Grade: B
In 2023, Heart Trust Inc reported a deficit of $28K with expenses exceeding revenue, holds 27.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Heart Trust Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.7% | -10.0% | -5.9% |
| 2022 | +360.1% | +2012.1% | +3.7% |
| 2021 | -76.2% | -95.9% | +9.6% |
| 2020 | +152.0% | +462.1% | -8.0% |
| 2019 | +0.5% | -20.5% | +9.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
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 Trust 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Heart Trust Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 deficit of $28K, with expenses exceeding revenue.
Executive Compensation Analysis
Heart Trust Inc reports 0% officer compensation across all available filings, indicating that no funds are used for executive salaries, which is highly commendable for a nonprofit of its size.
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 Trust Inc's IRS 990 filings:
- Volatile annual revenue and expenses, making financial planning difficult.
- Expenses exceeded revenue in multiple years (e.g., 2023, 2020, 2014), indicating operational deficits.
Strengths
The following positive indicators were identified for Heart Trust Inc:
- Consistently maintains a strong asset base (e.g., $445,092 in 2023) with no liabilities.
- Reports 0% officer compensation across all filings, demonstrating efficient use of funds at the leadership level.
- Consistent IRS 990 filing history (13 filings) indicates good transparency and compliance.
Frequently Asked Questions about Heart Trust Inc
Is Heart Trust Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Heart Trust Inc (EIN: 205536661) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Heart Trust Inc spend its money?
Heart Trust Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Heart Trust Inc tax-deductible?
Heart Trust Inc is registered as a tax-exempt nonprofit (EIN: 205536661). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Heart Trust Inc's spending goes to programs?
Heart Trust Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Heart Trust Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Heart Trust Inc is above average for NTEE category E12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Heart Trust Inc located?
Heart Trust Inc is headquartered in Westport, Connecticut and files with the IRS under EIN 205536661. It is classified under NTEE code E12.
How many years of IRS 990 filings does Heart Trust Inc have?
Heart Trust 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 $164K in total revenue.
Is Heart Trust Inc financially stable?
Heart Trust Inc maintains a strong asset base ($445,092 in 2023) with no liabilities, indicating good financial solvency. However, its revenue and expenses are highly volatile, with expenses exceeding revenue in several years (e.g., $191,240 expenses vs. $163,643 revenue in 2023), suggesting periods of operational deficits.
How does Heart Trust Inc manage executive compensation?
Heart Trust Inc reports 0% officer compensation in all available filings, meaning no funds are allocated to executive salaries, which is a strong positive for donor confidence and resource allocation.
What is the trend in Heart Trust Inc's revenue?
Heart Trust Inc's revenue has been highly inconsistent, ranging from a low of $29,620 in 2017 to a high of $229,392 in 2022, and then decreasing to $163,643 in 2023. This volatility makes revenue forecasting challenging.
Does Heart Trust Inc have any debt?
No, Heart Trust Inc consistently reports $0 in liabilities across all available filings, indicating a debt-free financial position.
Filing History
IRS 990 filing history for Heart Trust Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Heart Trust Inc's revenue has grown by 47%, moving from $111K to $164K. Total assets increased by 88.3% over the same period, from $235K to $442K. Total functional expenses rose by 231.6%, from $58K to $191K. In its most recent filing year (2023), Heart Trust Inc reported a deficit of $28K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $164K | $191K | $442K | $0 | — | View 990 |
| 2022 | $229K | $213K | $470K | $0 | — | View 990 |
| 2021 | $50K | $10K | $453K | $0 | — | View 990 |
| 2020 | $209K | $245K | $413K | $0 | — | View 990 |
| 2019 | $83K | $44K | $449K | $0 | — | View 990 |
| 2018 | $83K | $55K | $410K | $0 | — | View 990 |
| 2017 | $30K | $28K | $382K | $0 | — | View 990 |
| 2016 | $79K | $27K | $380K | $0 | — | View 990 |
| 2015 | $128K | $97K | $327K | $0 | — | View 990 |
| 2014 | $54K | $55K | $296K | $0 | — | View 990 |
| 2013 | $140K | $121K | $297K | $0 | — | View 990 |
| 2012 | $195K | $151K | $278K | $0 | — | View 990 |
| 2011 | $111K | $58K | $235K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $164K, expenses of $191K, and assets of $442K (revenue -28.7% year-over-year).
- 2022: Revenue of $229K, expenses of $213K, and assets of $470K (revenue +360.1% year-over-year).
- 2021: Revenue of $50K, expenses of $10K, and assets of $453K (revenue -76.2% year-over-year).
- 2020: Revenue of $209K, expenses of $245K, and assets of $413K (revenue +152.0% year-over-year).
- 2019: Revenue of $83K, expenses of $44K, and assets of $449K (revenue +0.5% year-over-year).
- 2018: Revenue of $83K, expenses of $55K, and assets of $410K (revenue +179.2% year-over-year).
- 2017: Revenue of $30K, expenses of $28K, and assets of $382K (revenue -62.4% year-over-year).
- 2016: Revenue of $79K, expenses of $27K, and assets of $380K (revenue -38.2% year-over-year).
- 2015: Revenue of $128K, expenses of $97K, and assets of $327K (revenue +135.9% year-over-year).
- 2014: Revenue of $54K, expenses of $55K, and assets of $296K (revenue -61.4% year-over-year).
- 2013: Revenue of $140K, expenses of $121K, and assets of $297K (revenue -28.1% year-over-year).
- 2012: Revenue of $195K, expenses of $151K, and assets of $278K (revenue +75.0% year-over-year).
- 2011: Revenue of $111K, expenses of $58K, and assets of $235K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heart Trust Inc:
Data Sources and Methodology
This transparency report for Heart Trust 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.