Heartbeat International Ministries Inc
Heartbeat International Ministries Inc maintains strong solvency with no liabilities, despite fluctuating revenues and a slight deficit in 2023.
EIN: 201123103 · Greenwich, CT · NTEE: P20 · Updated: 2026-03-28
Is Heartbeat International Ministries Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Heartbeat International Ministries Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Heartbeat International Ministries Inc
Heartbeat International Ministries Inc (EIN: 201123103) is a nonprofit organization based in Greenwich, CT, classified under NTEE code P20. The organization reported total revenue of $167K and total assets of $246K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heartbeat International Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Heartbeat International Ministries Inc with a Mission Score of 85 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, Heartbeat International Ministries 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.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization. This is highly commendable for an organization of its size, suggesting a volunteer-driven leadership model.
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 Heartbeat International Ministries Inc's IRS 990 filings:
- Significant year-over-year revenue fluctuations (e.g., $399,622 in 2022 to $164,958 in 2023)
- Expenses exceeding revenue in recent periods (e.g., 2023: $178,593 expenses vs. $164,958 revenue)
Strengths
The following positive indicators were identified for Heartbeat International Ministries Inc:
- Consistent reporting of 0% officer compensation across all filings
- Zero reported liabilities in most recent filings, indicating strong financial solvency
- Healthy asset base relative to revenue, with $248,473 in assets in 2023
- Long history of IRS 990 filings (13 filings), indicating transparency and compliance
Frequently Asked Questions about Heartbeat International Ministries Inc
Is Heartbeat International Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Heartbeat International Ministries Inc (EIN: 201123103) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Heartbeat International Ministries Inc spend its money?
Heartbeat International Ministries Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Heartbeat International Ministries Inc tax-deductible?
Heartbeat International Ministries Inc is registered as a tax-exempt nonprofit (EIN: 201123103). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Heartbeat International Ministries Inc a good charity?
Based on the available financial data, Heartbeat International Ministries Inc appears to be a well-managed charity with strong financial health (zero liabilities, healthy assets) and a clear commitment to its mission, as evidenced by 0% officer compensation. Its fluctuating revenue, however, suggests potential for instability in funding.
How does Heartbeat International Ministries Inc manage its expenses?
In 2023, expenses were $178,593 against revenue of $164,958, resulting in a small deficit. However, the organization has consistently maintained zero liabilities and a healthy asset base, suggesting prudent expense management over the long term, even with yearly fluctuations.
What is the trend in Heartbeat International Ministries Inc's revenue?
The organization's revenue has been highly variable, peaking at $399,622 in 2022 and dropping to $164,958 in 2023. This fluctuation suggests an inconsistent funding base, which could impact future program stability.
Filing History
IRS 990 filing history for Heartbeat International Ministries Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Heartbeat International Ministries Inc's revenue has declined by 25.5%, moving from $221K to $165K. Total assets increased by 1640.4% over the same period, from $14K to $248K. Total functional expenses fell by 22.8%, from $231K to $179K. In its most recent filing year (2023), Heartbeat International Ministries Inc reported a deficit of $14K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $165K | $179K | $248K | $0 | — | View 990 |
| 2022 | $400K | $156K | $262K | $0 | — | — |
| 2021 | $115K | $119K | $19K | $0 | — | View 990 |
| 2020 | $86K | $83K | $23K | $0 | — | — |
| 2019 | $103K | $101K | $20K | $0 | — | View 990 |
| 2018 | $114K | $110K | $18K | $0 | — | View 990 |
| 2017 | $96K | $129K | $14K | $0 | — | — |
| 2016 | $116K | $127K | $47K | $0 | — | — |
| 2015 | $233K | $225K | $60K | $3K | — | — |
| 2014 | $344K | $358K | $53K | $3K | — | View 990 |
| 2013 | $285K | $281K | $69K | $5K | — | View 990 |
| 2012 | $269K | $225K | $58K | $0 | — | View 990 |
| 2011 | $221K | $231K | $14K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $165K, expenses of $179K, and assets of $248K (revenue -58.7% year-over-year).
- 2022: Revenue of $400K, expenses of $156K, and assets of $262K (revenue +247.4% year-over-year).
- 2021: Revenue of $115K, expenses of $119K, and assets of $19K (revenue +33.3% year-over-year).
- 2020: Revenue of $86K, expenses of $83K, and assets of $23K (revenue -16.3% year-over-year).
- 2019: Revenue of $103K, expenses of $101K, and assets of $20K (revenue -9.5% year-over-year).
- 2018: Revenue of $114K, expenses of $110K, and assets of $18K (revenue +18.5% year-over-year).
- 2017: Revenue of $96K, expenses of $129K, and assets of $14K (revenue -17.5% year-over-year).
- 2016: Revenue of $116K, expenses of $127K, and assets of $47K (revenue -50.0% year-over-year).
- 2015: Revenue of $233K, expenses of $225K, and assets of $60K (revenue -32.2% year-over-year).
- 2014: Revenue of $344K, expenses of $358K, and assets of $53K (revenue +20.7% year-over-year).
- 2013: Revenue of $285K, expenses of $281K, and assets of $69K (revenue +6.0% year-over-year).
- 2012: Revenue of $269K, expenses of $225K, and assets of $58K (revenue +21.4% year-over-year).
- 2011: Revenue of $221K, expenses of $231K, and assets of $14K.
Data Sources and Methodology
This transparency report for Heartbeat International Ministries 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.