Joshuas Heart Foundation Inc
Joshuas Heart Foundation consistently operates with surpluses and no reported officer compensation, demonstrating strong financial health and program focus.
EIN: 142012279 · Miami, FL · NTEE: P20 · Updated: 2026-03-28
Is Joshuas Heart Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Joshuas Heart Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Joshuas Heart Foundation Inc
Joshuas Heart Foundation Inc (EIN: 142012279) is a nonprofit organization based in Miami, FL, classified under NTEE code P20. The organization reported total revenue of $587K and total assets of $307K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Joshuas Heart Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Joshuas Heart Foundation Inc is a small 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 27.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $683K |
| Total Expenses | $624K |
| Surplus / Deficit | +$59K |
| Total Assets | $276K |
| Total Liabilities | $56K |
| Net Assets | $220K |
| Operating Margin | 8.6% |
| Debt-to-Asset Ratio | 20.3% |
| Months of Reserves | 5.3 months |
Financial Health Grade: A
In 2023, Joshuas Heart Foundation Inc reported a surplus of $59K with revenue exceeding expenses, holds 5.3 months of operating reserves (adequate), has a debt-to-asset ratio of 20.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Joshuas Heart Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 27.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +46.3% | +35.8% | +22.7% |
| 2022 | -25.6% | -21.9% | +21.7% |
| 2021 | -64.7% | -63.2% | -29.1% |
| 2020 | +666.8% | +584.5% | +286.6% |
| 2019 | -36.3% | -36.5% | +11.9% |
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 Joshuas Heart Foundation Inc with a Mission Score of 95 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Joshuas Heart Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $59K, with revenue exceeding expenses.
- Debt-to-asset ratio: 20.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization. This is highly commendable and suggests that all leadership roles are likely filled by volunteers, maximizing the direct impact of donations.
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.
Strengths
The following positive indicators were identified for Joshuas Heart Foundation Inc:
- Consistent financial surpluses in most years (e.g., $58,698 surplus in 202312).
- Zero reported officer compensation across all filings, indicating high program efficiency.
- Significant and consistent asset growth over the past decade (from $693 in 2015 to $276,137 in 2023).
- Strong revenue generation, with a peak of over $1.7 million in 2020.
- Excellent transparency with 13 consistent IRS 990 filings.
Frequently Asked Questions about Joshuas Heart Foundation Inc
Is Joshuas Heart Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Joshuas Heart Foundation Inc (EIN: 142012279) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Joshuas Heart Foundation Inc spend its money?
Joshuas Heart Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Joshuas Heart Foundation Inc tax-deductible?
Joshuas Heart Foundation Inc is registered as a tax-exempt nonprofit (EIN: 142012279). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Joshuas Heart Foundation Inc a good charity?
Based on its financial data, Joshuas Heart Foundation Inc appears to be a very good charity. It consistently operates with surpluses, has growing assets, and reports 0% officer compensation, indicating a strong commitment to its mission and efficient use of funds.
How has the organization's revenue trended over time?
The organization's revenue has shown significant growth and some fluctuations. It grew from $77,666 in 2015 to a peak of $1,772,749 in 2020, then stabilized to $682,670 in 2023, demonstrating a strong capacity for fundraising and support.
What is the organization's asset growth like?
Joshuas Heart Foundation Inc has experienced substantial asset growth, increasing from $693 in 2015 to $276,137 in 2023. This indicates effective financial management and the accumulation of resources to support its long-term operations.
Filing History
IRS 990 filing history for Joshuas Heart Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Joshuas Heart Foundation Inc's revenue has grown by 1713.1%, moving from $38K to $683K. Total assets increased by 21885.4% over the same period, from $1K to $276K. Total functional expenses rose by 1443.4%, from $40K to $624K. In its most recent filing year (2023), Joshuas Heart Foundation Inc reported a surplus of $59K, with revenue exceeding expenses. The organization holds $56K in liabilities against $276K in assets (debt-to-asset ratio: 20.3%), resulting in net assets of $220K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $683K | $624K | $276K | $56K | — | — |
| 2022 | $466K | $459K | $225K | $64K | — | View 990 |
| 2021 | $627K | $588K | $185K | $30K | — | View 990 |
| 2020 | $1.8M | $1.6M | $261K | $48K | — | — |
| 2019 | $231K | $234K | $67K | $41K | — | View 990 |
| 2018 | $363K | $368K | $60K | $31K | — | View 990 |
| 2017 | $391K | $367K | $34K | $90 | — | View 990 |
| 2016 | $335K | $324K | $12K | $1K | — | View 990 |
| 2015 | $78K | $76K | $693 | $0 | — | View 990 |
| 2014 | $137K | $122K | $2K | $5K | — | View 990 |
| 2013 | $112K | $110K | $2K | $21K | — | View 990 |
| 2012 | $73K | $68K | $855 | $31K | — | View 990 |
| 2011 | $38K | $40K | $1K | $36K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $683K, expenses of $624K, and assets of $276K (revenue +46.3% year-over-year).
- 2022: Revenue of $466K, expenses of $459K, and assets of $225K (revenue -25.6% year-over-year).
- 2021: Revenue of $627K, expenses of $588K, and assets of $185K (revenue -64.7% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.6M, and assets of $261K (revenue +666.8% year-over-year).
- 2019: Revenue of $231K, expenses of $234K, and assets of $67K (revenue -36.3% year-over-year).
- 2018: Revenue of $363K, expenses of $368K, and assets of $60K (revenue -7.2% year-over-year).
- 2017: Revenue of $391K, expenses of $367K, and assets of $34K (revenue +16.6% year-over-year).
- 2016: Revenue of $335K, expenses of $324K, and assets of $12K (revenue +331.5% year-over-year).
- 2015: Revenue of $78K, expenses of $76K, and assets of $693 (revenue -43.5% year-over-year).
- 2014: Revenue of $137K, expenses of $122K, and assets of $2K (revenue +22.2% year-over-year).
- 2013: Revenue of $112K, expenses of $110K, and assets of $2K (revenue +53.4% year-over-year).
- 2012: Revenue of $73K, expenses of $68K, and assets of $855 (revenue +94.7% year-over-year).
- 2011: Revenue of $38K, expenses of $40K, and assets of $1K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Joshuas Heart Foundation Inc:
Data Sources and Methodology
This transparency report for Joshuas Heart 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.