Hearts With Hope Foundation
Hearts With Hope Foundation consistently generates revenue exceeding expenses with no reported officer compensation.
EIN: 208411878 · Spring, TX · NTEE: F33 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $1.8M |
| Program Spending | 85% |
| Net Assets | $1.9M |
| Transparency Score | 88/100 |
Is Hearts With Hope Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hearts With Hope Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hearts With Hope Foundation
Hearts With Hope Foundation (EIN: 208411878) is a nonprofit organization based in Spring, TX, classified under NTEE code F33. The organization reported total revenue of $1.6M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hearts With Hope Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hearts With Hope Foundation is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$654K |
| Total Assets | $2.4M |
| Total Liabilities | $550K |
| Net Assets | $1.9M |
| Operating Margin | 26.3% |
| Debt-to-Asset Ratio | 22.7% |
| Months of Reserves | 15.9 months |
Financial Health Grade: A
In 2023, Hearts With Hope Foundation reported a surplus of $654K with revenue exceeding expenses, holds 15.9 months of operating reserves (strong position), has a debt-to-asset ratio of 22.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hearts With Hope Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +62.5% | +21.5% | +36.2% |
| 2022 | +9.1% | +2.3% | +1.9% |
| 2021 | -35.7% | -24.5% | -11.0% |
| 2020 | +25.7% | +17.7% | +9.7% |
| 2019 | -19.1% | -5.9% | +54.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Hearts With Hope Foundation with a Mission Score of 88 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, Hearts With Hope Foundation 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $654K, with revenue exceeding expenses.
- Debt-to-asset ratio: 22.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either unpaid or compensated through non-officer roles, which is highly favorable for resource allocation to mission-related activities.
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 Hearts With Hope Foundation's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data prevents precise efficiency analysis.
Strengths
The following positive indicators were identified for Hearts With Hope Foundation:
- Consistent revenue generation exceeding expenses, leading to asset growth (e.g., 2023 revenue $2,487,686 vs. expenses $1,833,912).
- No reported officer compensation across all 13 filings, indicating high resource allocation to mission.
- Strong asset growth over the decade, from $506,540 in 2014 to $2,423,036 in 2023.
- Consistent filing of IRS Form 990s, demonstrating transparency and accountability.
Frequently Asked Questions about Hearts With Hope Foundation
Is Hearts With Hope Foundation a legitimate charity?
Hearts With Hope Foundation (EIN: 208411878) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.6M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Hearts With Hope Foundation spend its money?
Hearts With Hope Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hearts With Hope Foundation tax-deductible?
Hearts With Hope Foundation is registered as a tax-exempt nonprofit (EIN: 208411878). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hearts With Hope Foundation's spending goes to programs?
Hearts With Hope Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hearts With Hope Foundation compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Hearts With Hope Foundation is above average for NTEE category F33 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hearts With Hope Foundation located?
Hearts With Hope Foundation is headquartered in Spring, Texas and files with the IRS under EIN 208411878. It is classified under NTEE code F33.
How many years of IRS 990 filings does Hearts With Hope Foundation have?
Hearts With Hope Foundation 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 $1.6M in total revenue.
Is Hearts With Hope Foundation a good charity?
Based on the available financial data, Hearts With Hope Foundation appears to be a well-managed charity. It consistently generates more revenue than expenses, has growing assets, and reports no officer compensation, suggesting a strong commitment to its mission.
How has the organization's financial health changed over time?
The organization has shown consistent revenue generation, generally exceeding expenses, leading to a significant increase in assets from $506,540 in 2014 to $2,423,036 in 2023. This indicates a positive trend in financial health and sustainability.
What is the trend in the organization's liabilities?
Liabilities have fluctuated but generally increased over the years, from $54,631 in 2014 to $550,220 in 2023. While assets have grown faster, this trend warrants monitoring to ensure it remains manageable relative to assets.
Filing History
IRS 990 filing history for Hearts With Hope Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hearts With Hope Foundation's revenue has grown by 59.6%, moving from $1.6M to $2.5M. Total assets increased by 593.4% over the same period, from $349K to $2.4M. Total functional expenses rose by 51.8%, from $1.2M to $1.8M. In its most recent filing year (2023), Hearts With Hope Foundation reported a surplus of $654K, with revenue exceeding expenses. The organization holds $550K in liabilities against $2.4M in assets (debt-to-asset ratio: 22.7%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $1.8M | $2.4M | $550K | — | — |
| 2022 | $1.5M | $1.5M | $1.8M | $560K | — | View 990 |
| 2021 | $1.4M | $1.5M | $1.7M | $561K | — | View 990 |
| 2020 | $2.2M | $2.0M | $2.0M | $650K | — | View 990 |
| 2019 | $1.7M | $1.7M | $1.8M | $568K | — | View 990 |
| 2018 | $2.1M | $1.8M | $1.2M | $219K | — | View 990 |
| 2017 | $1.8M | $1.7M | $807K | $254K | — | View 990 |
| 2016 | $1.6M | $1.7M | $571K | $168K | — | View 990 |
| 2015 | $1.6M | $1.5M | $607K | $10K | — | View 990 |
| 2014 | $1.6M | $1.5M | $507K | $55K | — | View 990 |
| 2013 | $1.5M | $1.6M | $391K | $333K | — | View 990 |
| 2012 | $1.5M | $1.4M | $428K | $68K | — | View 990 |
| 2011 | $1.6M | $1.2M | $349K | $93K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $1.8M, and assets of $2.4M (revenue +62.5% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.5M, and assets of $1.8M (revenue +9.1% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.5M, and assets of $1.7M (revenue -35.7% year-over-year).
- 2020: Revenue of $2.2M, expenses of $2.0M, and assets of $2.0M (revenue +25.7% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.7M, and assets of $1.8M (revenue -19.1% year-over-year).
- 2018: Revenue of $2.1M, expenses of $1.8M, and assets of $1.2M (revenue +18.2% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.7M, and assets of $807K (revenue +12.7% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.7M, and assets of $571K (revenue -1.4% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.5M, and assets of $607K (revenue +0.5% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.5M, and assets of $507K (revenue +8.1% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.6M, and assets of $391K (revenue -0.7% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.4M, and assets of $428K (revenue -2.7% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.2M, and assets of $349K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hearts With Hope Foundation:
Data Sources and Methodology
This transparency report for Hearts With Hope 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.