Hearts Desire
EIN: 760803856 · Lovington, NM · NTEE: L25
| Metric | Value |
|---|---|
| Total Revenue | $335K |
| Total Expenses | $374K |
| Net Assets | $628K |
Is Hearts Desire Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hearts Desire
Hearts Desire (EIN: 760803856) is a nonprofit organization based in Lovington, NM, classified under NTEE code L25. The organization reported total revenue of $335K and total assets of $606K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hearts Desire's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hearts Desire is a small nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $377K |
| Total Expenses | $374K |
| Surplus / Deficit | +$3K |
| Total Assets | $671K |
| Total Liabilities | $43K |
| Net Assets | $628K |
| Operating Margin | 0.8% |
| Debt-to-Asset Ratio | 6.4% |
| Months of Reserves | 21.5 months |
Financial Health Grade: A
In 2022, Hearts Desire reported a surplus of $3K with revenue exceeding expenses, holds 21.5 months of operating reserves (strong position), has a debt-to-asset ratio of 6.4% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Hearts Desire's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +37.5% | +24.6% | +0.4% |
| 2021 | +25.6% | +18.7% | -3.1% |
| 2020 | -20.3% | -21.8% | -1.2% |
| 2019 | +6.5% | +11.4% | -5.7% |
| 2018 | +1.3% | -5.6% | -4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hearts Desire 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 Desire 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.4%.
Frequently Asked Questions about Hearts Desire
Is Hearts Desire a legitimate charity?
Based on AI analysis of IRS 990 filings, Hearts Desire (EIN: 760803856) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hearts Desire spend its money?
Detailed spending breakdown data is not yet available for Hearts Desire. Check back for updated IRS 990 analysis.
Are donations to Hearts Desire tax-deductible?
Hearts Desire is registered as a tax-exempt nonprofit (EIN: 760803856). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hearts Desire located?
Hearts Desire is headquartered in Lovington, New Mexico and files with the IRS under EIN 760803856. It is classified under NTEE code L25.
How many years of IRS 990 filings does Hearts Desire have?
Hearts Desire has 12 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 $335K in total revenue.
Filing History
IRS 990 filing history for Hearts Desire showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Hearts Desire's revenue has grown by 20.1%, moving from $314K to $377K. Total assets increased by 67.4% over the same period, from $401K to $671K. Total functional expenses rose by 41.5%, from $264K to $374K. In its most recent filing year (2022), Hearts Desire reported a surplus of $3K, with revenue exceeding expenses. The organization holds $43K in liabilities against $671K in assets (debt-to-asset ratio: 6.4%), resulting in net assets of $628K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $377K | $374K | $671K | $43K | — | View 990 |
| 2021 | $274K | $300K | $668K | $44K | — | View 990 |
| 2020 | $218K | $253K | $690K | $39K | — | — |
| 2019 | $274K | $323K | $698K | $13K | — | View 990 |
| 2018 | $257K | $290K | $740K | $6K | — | View 990 |
| 2017 | $254K | $308K | $773K | $5K | — | View 990 |
| 2016 | $470K | $365K | $825K | $4K | — | View 990 |
| 2015 | $413K | $352K | $721K | $5K | — | View 990 |
| 2014 | $424K | $331K | $689K | $34K | — | View 990 |
| 2013 | $368K | $312K | $637K | $79K | — | View 990 |
| 2012 | $529K | $346K | $550K | $98K | — | View 990 |
| 2011 | $314K | $264K | $401K | $131K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $377K, expenses of $374K, and assets of $671K (revenue +37.5% year-over-year).
- 2021: Revenue of $274K, expenses of $300K, and assets of $668K (revenue +25.6% year-over-year).
- 2020: Revenue of $218K, expenses of $253K, and assets of $690K (revenue -20.3% year-over-year).
- 2019: Revenue of $274K, expenses of $323K, and assets of $698K (revenue +6.5% year-over-year).
- 2018: Revenue of $257K, expenses of $290K, and assets of $740K (revenue +1.3% year-over-year).
- 2017: Revenue of $254K, expenses of $308K, and assets of $773K (revenue -45.9% year-over-year).
- 2016: Revenue of $470K, expenses of $365K, and assets of $825K (revenue +13.7% year-over-year).
- 2015: Revenue of $413K, expenses of $352K, and assets of $721K (revenue -2.6% year-over-year).
- 2014: Revenue of $424K, expenses of $331K, and assets of $689K (revenue +15.2% year-over-year).
- 2013: Revenue of $368K, expenses of $312K, and assets of $637K (revenue -30.3% year-over-year).
- 2012: Revenue of $529K, expenses of $346K, and assets of $550K (revenue +68.2% year-over-year).
- 2011: Revenue of $314K, expenses of $264K, and assets of $401K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hearts Desire:
Data Sources and Methodology
This transparency report for Hearts Desire 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.