Inspired Hearts And Hands Inc
EIN: 834023500 · Mars, PA · NTEE: P12
| Metric | Value |
|---|---|
| Total Revenue | $685K |
| Total Expenses | $429K |
| Net Assets | $150K |
Is Inspired Hearts And Hands Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Inspired Hearts And Hands Inc
Inspired Hearts And Hands Inc (EIN: 834023500) is a nonprofit organization based in Mars, PA, classified under NTEE code P12. The organization reported total revenue of $685K and total assets of $478K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Inspired Hearts And Hands Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Inspired Hearts And Hands Inc is a small nonprofit that has been operating for 7 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 39.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $489K |
| Total Expenses | $429K |
| Surplus / Deficit | +$61K |
| Total Assets | $549K |
| Total Liabilities | $399K |
| Net Assets | $150K |
| Operating Margin | 12.4% |
| Debt-to-Asset Ratio | 72.7% |
| Months of Reserves | 15.4 months |
Financial Health Grade: A
In 2023, Inspired Hearts And Hands Inc reported a surplus of $61K with revenue exceeding expenses, holds 15.4 months of operating reserves (strong position), has a debt-to-asset ratio of 72.7% (high leverage).
Financial Trends
Over 3 years of filings (2021–2023), Inspired Hearts And Hands Inc's revenue has grown at a compound annual growth rate (CAGR) of 39.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.8% | +17.3% | +362.5% |
| 2022 | +50.6% | +79.5% | +42.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Inspired Hearts And Hands 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 Inspired Hearts And Hands 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $61K, with revenue exceeding expenses.
- Debt-to-asset ratio: 72.7%.
Frequently Asked Questions about Inspired Hearts And Hands Inc
Is Inspired Hearts And Hands Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Inspired Hearts And Hands Inc (EIN: 834023500) insufficient data. 0 red flags identified, 0 strengths noted.
How does Inspired Hearts And Hands Inc spend its money?
Detailed spending breakdown data is not yet available for Inspired Hearts And Hands Inc. Check back for updated IRS 990 analysis.
Are donations to Inspired Hearts And Hands Inc tax-deductible?
Inspired Hearts And Hands Inc is registered as a tax-exempt nonprofit (EIN: 834023500). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Inspired Hearts And Hands Inc located?
Inspired Hearts And Hands Inc is headquartered in Mars, Pennsylvania and files with the IRS under EIN 834023500. It is classified under NTEE code P12.
How many years of IRS 990 filings does Inspired Hearts And Hands Inc have?
Inspired Hearts And Hands Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $685K in total revenue.
Filing History
IRS 990 filing history for Inspired Hearts And Hands Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Inspired Hearts And Hands Inc's revenue has grown by 95.5%, moving from $250K to $489K. Total assets increased by 558.4% over the same period, from $83K to $549K. Total functional expenses rose by 110.6%, from $204K to $429K. In its most recent filing year (2023), Inspired Hearts And Hands Inc reported a surplus of $61K, with revenue exceeding expenses. The organization holds $399K in liabilities against $549K in assets (debt-to-asset ratio: 72.7%), resulting in net assets of $150K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $489K | $429K | $549K | $399K | — | — |
| 2022 | $377K | $365K | $119K | $28K | — | — |
| 2021 | $250K | $204K | $83K | $310 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $489K, expenses of $429K, and assets of $549K (revenue +29.8% year-over-year).
- 2022: Revenue of $377K, expenses of $365K, and assets of $119K (revenue +50.6% year-over-year).
- 2021: Revenue of $250K, expenses of $204K, and assets of $83K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Inspired Hearts And Hands Inc:
Data Sources and Methodology
This transparency report for Inspired Hearts And Hands 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.