Hope For The Heart
EIN: 752191528 · Plano, TX
| Metric | Value |
|---|---|
| Total Revenue | $7.6M |
| Total Expenses | $7.5M |
| Net Assets | $2.6M |
Is Hope For The Heart Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hope For The Heart
Hope For The Heart (EIN: 752191528) is a nonprofit organization based in Plano, TX. The organization reported total revenue of $7.6M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope For The Heart's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope For The Heart is a mid-size nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.0M |
| Total Expenses | $7.5M |
| Surplus / Deficit | +$450K |
| Total Assets | $3.3M |
| Total Liabilities | $695K |
| Net Assets | $2.6M |
| Operating Margin | 5.6% |
| Debt-to-Asset Ratio | 21.3% |
| Months of Reserves | 5.2 months |
Financial Health Grade: A
In 2023, Hope For The Heart reported a surplus of $450K with revenue exceeding expenses, holds 5.2 months of operating reserves (adequate), has a debt-to-asset ratio of 21.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hope For The Heart's revenue has declined at a compound annual growth rate (CAGR) of -0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.1% | +7.3% | +10.2% |
| 2022 | +24.7% | +13.5% | -22.1% |
| 2021 | +39.5% | -3.4% | -22.7% |
| 2020 | -64.8% | -1.3% | -30.8% |
| 2019 | +139.6% | -12.9% | +88.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hope For The Heart 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 Hope For The Heart 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $450K, with revenue exceeding expenses.
- Debt-to-asset ratio: 21.3%.
Frequently Asked Questions about Hope For The Heart
Is Hope For The Heart a legitimate charity?
Hope For The Heart (EIN: 752191528) is a registered tax-exempt nonprofit based in Texas. It has 13 years of IRS 990 filings on record. Total revenue: $7.6M. No red flags identified. Financial health grade: A.
How does Hope For The Heart spend its money?
Hope For The Heart reported $7.6M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hope For The Heart tax-deductible?
Hope For The Heart is registered as a tax-exempt nonprofit (EIN: 752191528). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hope For The Heart located?
Hope For The Heart is headquartered in Plano, Texas and files with the IRS under EIN 752191528.
How many years of IRS 990 filings does Hope For The Heart have?
Hope For The Heart 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 $7.6M in total revenue.
Filing History
IRS 990 filing history for Hope For The Heart showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hope For The Heart's revenue has declined by 5%, moving from $8.4M to $8.0M. Total assets decreased by 43.1% over the same period, from $5.7M to $3.3M. Total functional expenses rose by 2.8%, from $7.3M to $7.5M. In its most recent filing year (2023), Hope For The Heart reported a surplus of $450K, with revenue exceeding expenses. The organization holds $695K in liabilities against $3.3M in assets (debt-to-asset ratio: 21.3%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.0M | $7.5M | $3.3M | $695K | — | — |
| 2022 | $6.1M | $7.0M | $3.0M | $867K | — | View 990 |
| 2021 | $4.9M | $6.2M | $3.8M | $283K | — | View 990 |
| 2020 | $3.5M | $6.4M | $4.9M | $208K | — | View 990 |
| 2019 | $10.1M | $6.5M | $7.1M | $209K | — | — |
| 2018 | $4.2M | $7.5M | $3.8M | $519K | — | View 990 |
| 2017 | $9.8M | $10.3M | $7.0M | $427K | — | View 990 |
| 2016 | $8.5M | $10.5M | $7.6M | $491K | — | View 990 |
| 2015 | $14.4M | $11.8M | $9.4M | $467K | — | View 990 |
| 2014 | $11.7M | $11.0M | $7.4M | $855K | — | View 990 |
| 2013 | $8.6M | $9.4M | $6.6M | $654K | — | View 990 |
| 2012 | $9.3M | $7.5M | $7.5M | $598K | — | View 990 |
| 2011 | $8.4M | $7.3M | $5.7M | $580K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.0M, expenses of $7.5M, and assets of $3.3M (revenue +30.1% year-over-year).
- 2022: Revenue of $6.1M, expenses of $7.0M, and assets of $3.0M (revenue +24.7% year-over-year).
- 2021: Revenue of $4.9M, expenses of $6.2M, and assets of $3.8M (revenue +39.5% year-over-year).
- 2020: Revenue of $3.5M, expenses of $6.4M, and assets of $4.9M (revenue -64.8% year-over-year).
- 2019: Revenue of $10.1M, expenses of $6.5M, and assets of $7.1M (revenue +139.6% year-over-year).
- 2018: Revenue of $4.2M, expenses of $7.5M, and assets of $3.8M (revenue -57.1% year-over-year).
- 2017: Revenue of $9.8M, expenses of $10.3M, and assets of $7.0M (revenue +14.7% year-over-year).
- 2016: Revenue of $8.5M, expenses of $10.5M, and assets of $7.6M (revenue -40.9% year-over-year).
- 2015: Revenue of $14.4M, expenses of $11.8M, and assets of $9.4M (revenue +23.2% year-over-year).
- 2014: Revenue of $11.7M, expenses of $11.0M, and assets of $7.4M (revenue +36.4% year-over-year).
- 2013: Revenue of $8.6M, expenses of $9.4M, and assets of $6.6M (revenue -7.4% year-over-year).
- 2012: Revenue of $9.3M, expenses of $7.5M, and assets of $7.5M (revenue +10.1% year-over-year).
- 2011: Revenue of $8.4M, expenses of $7.3M, and assets of $5.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope For The Heart:
Data Sources and Methodology
This transparency report for Hope For The Heart 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.