Heartsfire Foundation Inc
Heartsfire Foundation Inc consistently reports $1 in revenue and assets with no expenses over a decade.
EIN: 10949566 · S Burlington, VT · NTEE: T20 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $1 |
| CEO/Top Officer Pay | $0 |
| Net Assets | $0 |
| Transparency Score | 50/100 |
Is Heartsfire Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Heartsfire Foundation Inc
Heartsfire Foundation Inc (EIN: 10949566) is a nonprofit organization based in S Burlington, VT, classified under NTEE code T20. The organization reported total revenue of $1 and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heartsfire Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heartsfire Foundation Inc is a micro nonprofit that has been operating for 16 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $0 |
| Surplus / Deficit | +$1 |
| Total Assets | $1 |
| Total Liabilities | $1 |
| Net Assets | $0 |
| Operating Margin | 100.0% |
| Debt-to-Asset Ratio | 100.0% |
Financial Health Grade: B
In 2023, Heartsfire Foundation Inc reported a surplus of $1 with revenue exceeding expenses, has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), Heartsfire Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.0% | — | +0.0% |
| 2022 | +0.0% | — | +0.0% |
| 2021 | +0.0% | — | +0.0% |
| 2020 | +0.0% | — | +0.0% |
| 2019 | +0.0% | — | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
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 Heartsfire Foundation Inc with a Mission Score of 50 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Heartsfire Foundation Inc allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 100.0%.
Executive Compensation Analysis
Officer compensation is consistently reported as 0% across all filings, which is appropriate given the organization's reported $0 in expenses and minimal financial activity.
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 Heartsfire Foundation Inc's IRS 990 filings:
- No reported expenses for over a decade, suggesting inactivity or non-operation.
- Consistent reporting of only $1 in revenue and assets, indicating minimal or no financial activity.
- Lack of any discernible programmatic or operational spending.
Strengths
The following positive indicators were identified for Heartsfire Foundation Inc:
- Consistent filing of IRS 990 forms, demonstrating compliance with reporting requirements.
Frequently Asked Questions about Heartsfire Foundation Inc
Is Heartsfire Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Heartsfire Foundation Inc (EIN: 10949566) some concerns. Mission Score: 50/100. 3 red flags identified, 1 strength noted.
How does Heartsfire Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Heartsfire Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Heartsfire Foundation Inc tax-deductible?
Heartsfire Foundation Inc is registered as a tax-exempt nonprofit (EIN: 10949566). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Heartsfire Foundation Inc CEO make?
Heartsfire Foundation Inc's highest-compensated officer earns $0 annually. The organization reported $1 in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Heartsfire Foundation Inc compare to similar nonprofits?
With a transparency score of 50/100 (Fair), Heartsfire Foundation Inc is near average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Heartsfire Foundation Inc located?
Heartsfire Foundation Inc is headquartered in S Burlington, Vermont and files with the IRS under EIN 10949566. It is classified under NTEE code T20.
How many years of IRS 990 filings does Heartsfire Foundation Inc have?
Heartsfire Foundation Inc has 10 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 in total revenue.
Is Heartsfire Foundation Inc a good charity?
Based on the provided IRS 990 data, Heartsfire Foundation Inc reports no financial activity beyond $1 in revenue and assets, and $0 in expenses. There is no evidence of programmatic spending or operations, making it impossible to assess its effectiveness as a charity.
What programs does Heartsfire Foundation Inc operate?
The IRS 990 data does not provide any information on specific programs. With $0 in reported expenses across all filings, it appears the organization does not currently operate any programs that incur costs.
How does Heartsfire Foundation Inc spend its money?
Heartsfire Foundation Inc consistently reports $0 in expenses across all available filings from 2011 to 2023. Therefore, based on the IRS 990 data, the organization does not spend any money.
Filing History
IRS 990 filing history for Heartsfire Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Heartsfire Foundation Inc's revenue has grown by 0%, moving from $1 to $1. Total assets increased by 0% over the same period, from $1 to $1. The organization holds $1 in liabilities against $1 in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1 | $0 | $1 | $1 | — | — |
| 2022 | $1 | $0 | $1 | $1 | — | — |
| 2021 | $1 | $0 | $1 | $1 | — | — |
| 2020 | $1 | $0 | $1 | $1 | — | — |
| 2019 | $1 | $0 | $1 | $1 | — | View 990 |
| 2015 | $1 | $0 | $1 | $1 | — | View 990 |
| 2014 | $1 | $0 | $1 | $1 | — | View 990 |
| 2013 | $1 | $0 | $1 | $1 | — | View 990 |
| 2012 | $1 | $0 | $1 | $1 | — | View 990 |
| 2011 | $1 | $0 | $1 | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2022: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2021: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2020: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2019: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2015: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2014: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2013: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2012: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2011: Revenue of $1, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heartsfire Foundation Inc:
Data Sources and Methodology
This transparency report for Heartsfire Foundation 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.