Heartside Ministry Inc
EIN: 382477760 · Grand Rapids, MI · NTEE: X20
| Metric | Value |
|---|---|
| Total Expenses | $696K |
| Net Assets | $1.7M |
Is Heartside Ministry Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Heartside Ministry Inc
Heartside Ministry Inc (EIN: 382477760) is a nonprofit organization based in Grand Rapids, MI, classified under NTEE code X20. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heartside Ministry Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heartside Ministry Inc is a small nonprofit that has been operating for 43 years.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $380K |
| Total Expenses | $696K |
| Surplus / Deficit | $-315,555 |
| Total Assets | $1.7M |
| Total Liabilities | $34K |
| Net Assets | $1.7M |
| Operating Margin | -83.0% |
| Debt-to-Asset Ratio | 2.0% |
| Months of Reserves | 29.1 months |
Financial Health Grade: B
In 2016, Heartside Ministry Inc reported a deficit of $316K with expenses exceeding revenue, holds 29.1 months of operating reserves (strong position), has a debt-to-asset ratio of 2.0% (very low leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Heartside Ministry Inc 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 Heartside Ministry Inc 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 (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $316K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.0%.
Frequently Asked Questions about Heartside Ministry Inc
Is Heartside Ministry Inc a legitimate charity?
Heartside Ministry Inc (EIN: 382477760) is a registered tax-exempt nonprofit based in Michigan. No red flags identified. Financial health grade: B.
How does Heartside Ministry Inc spend its money?
Heartside Ministry Inc reported its financials in IRS 990 filings. 1 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Heartside Ministry Inc tax-deductible?
Heartside Ministry Inc is registered as a tax-exempt nonprofit (EIN: 382477760). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Heartside Ministry Inc located?
Heartside Ministry Inc is headquartered in Grand Rapids, Michigan and files with the IRS under EIN 382477760. It is classified under NTEE code X20.
Filing History
IRS 990 filing history for Heartside Ministry Inc showing financial trends over 1 year of public records:
In its most recent filing year (2016), Heartside Ministry Inc reported a deficit of $316K, with expenses exceeding revenue. The organization holds $34K in liabilities against $1.7M in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $380K | $696K | $1.7M | $34K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heartside Ministry Inc:
Data Sources and Methodology
This transparency report for Heartside Ministry 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.