Hearts Knit Together
EIN: 471445665 · Mapleton, UT · NTEE: P58
Is Hearts Knit Together Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hearts Knit Together
Hearts Knit Together (EIN: 471445665) is a nonprofit organization based in Mapleton, UT, classified under NTEE code P58. The organization reported total revenue of $556K and total assets of $770K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hearts Knit Together's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Hearts Knit Together 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 Knit Together 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.
Frequently Asked Questions about Hearts Knit Together
Is Hearts Knit Together a legitimate charity?
Based on AI analysis of IRS 990 filings, Hearts Knit Together (EIN: 471445665) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hearts Knit Together spend its money?
Detailed spending breakdown data is not yet available for Hearts Knit Together. Check back for updated IRS 990 analysis.
Are donations to Hearts Knit Together tax-deductible?
Hearts Knit Together is registered as a tax-exempt nonprofit (EIN: 471445665). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Hearts Knit Together showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2015–2023), Hearts Knit Together's revenue has grown by 129.8%, moving from $149K to $342K. Total assets increased by 205.5% over the same period, from $261K to $796K. In its most recent filing year (2023), Hearts Knit Together reported a surplus of $233K, with revenue exceeding expenses. The organization holds $1K in liabilities against $796K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $795K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $342K | $109K | $796K | $1K | — | — |
| 2022 | $301K | $336K | $567K | $5K | — | View 990 |
| 2020 | $410K | $373K | $537K | $263 | — | View 990 |
| 2019 | $427K | $341K | $500K | $0 | — | View 990 |
| 2018 | $231K | $50K | $413K | $0 | — | View 990 |
| 2017 | $159K | $193K | $232K | $0 | — | View 990 |
| 2016 | $178K | $175K | $263K | $0 | — | View 990 |
| 2015 | $149K | $0 | $261K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $342K, expenses of $109K, and assets of $796K (revenue +13.6% year-over-year).
- 2022: Revenue of $301K, expenses of $336K, and assets of $567K (revenue -26.6% year-over-year).
- 2020: Revenue of $410K, expenses of $373K, and assets of $537K (revenue -3.9% year-over-year).
- 2019: Revenue of $427K, expenses of $341K, and assets of $500K (revenue +84.8% year-over-year).
- 2018: Revenue of $231K, expenses of $50K, and assets of $413K (revenue +45.8% year-over-year).
- 2017: Revenue of $159K, expenses of $193K, and assets of $232K (revenue -10.7% year-over-year).
- 2016: Revenue of $178K, expenses of $175K, and assets of $263K (revenue +19.2% year-over-year).
- 2015: Revenue of $149K, expenses of $0, and assets of $261K.
Data Sources and Methodology
This transparency report for Hearts Knit Together 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.