Hearts And Hands Charitable Foundation
EIN: 873159971 · Benkelman, NE · NTEE: P40
| Metric | Value |
|---|---|
| Total Revenue | $48K |
| Total Expenses | $23K |
| Net Assets | $22K |
Is Hearts And Hands Charitable Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hearts And Hands Charitable Foundation
Hearts And Hands Charitable Foundation (EIN: 873159971) is a nonprofit organization based in Benkelman, NE, classified under NTEE code P40. The organization reported total revenue of $48K and total assets of $43K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hearts And Hands Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hearts And Hands Charitable Foundation is a micro nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -66.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $17K |
| Total Expenses | $23K |
| Surplus / Deficit | $-5,879 |
| Total Assets | $22K |
| Total Liabilities | $1 |
| Net Assets | $22K |
| Operating Margin | -35.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 11.6 months |
Financial Health Grade: B
In 2023, Hearts And Hands Charitable Foundation reported a deficit of $6K with expenses exceeding revenue, holds 11.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Hearts And Hands Charitable Foundation's revenue has declined at a compound annual growth rate (CAGR) of -66.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -66.5% | +179.8% | -21.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hearts And Hands Charitable Foundation 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 Hearts And Hands Charitable Foundation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Hearts And Hands Charitable Foundation
Is Hearts And Hands Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Hearts And Hands Charitable Foundation (EIN: 873159971) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hearts And Hands Charitable Foundation spend its money?
Detailed spending breakdown data is not yet available for Hearts And Hands Charitable Foundation. Check back for updated IRS 990 analysis.
Are donations to Hearts And Hands Charitable Foundation tax-deductible?
Hearts And Hands Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 873159971). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hearts And Hands Charitable Foundation located?
Hearts And Hands Charitable Foundation is headquartered in Benkelman, Nebraska and files with the IRS under EIN 873159971. It is classified under NTEE code P40.
How many years of IRS 990 filings does Hearts And Hands Charitable Foundation have?
Hearts And Hands Charitable Foundation has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $48K in total revenue.
Filing History
IRS 990 filing history for Hearts And Hands Charitable Foundation showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Hearts And Hands Charitable Foundation's revenue has declined by 66.5%, moving from $50K to $17K. Total assets decreased by 21.2% over the same period, from $28K to $22K. Total functional expenses rose by 179.8%, from $8K to $23K. In its most recent filing year (2023), Hearts And Hands Charitable Foundation reported a deficit of $6K, with expenses exceeding revenue. The organization holds $1 in liabilities against $22K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $22K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $17K | $23K | $22K | $1 | — | — |
| 2022 | $50K | $8K | $28K | $1 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hearts And Hands Charitable Foundation:
Data Sources and Methodology
This transparency report for Hearts And Hands Charitable Foundation 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.