Kentucky Heartwood Inc
Kentucky Heartwood Inc maintains stable finances with zero officer compensation and growing assets.
EIN: 10701145 · Berea, KY · NTEE: C300 · Updated: 2026-03-28
Is Kentucky Heartwood Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kentucky Heartwood Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kentucky Heartwood Inc
Kentucky Heartwood Inc (EIN: 10701145) is a nonprofit organization based in Berea, KY, classified under NTEE code C300. The organization reported total revenue of $226K and total assets of $227K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kentucky Heartwood Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Kentucky Heartwood Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Kentucky Heartwood Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Kentucky Heartwood Inc reports 0% officer compensation across all available filings, indicating that its leadership is not compensated through the organization's funds, which is highly commendable for an organization of its size with revenues fluctuating between approximately $90,000 and $225,000.
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 Kentucky Heartwood Inc:
- Zero officer compensation reported across all filings, indicating high efficiency and dedication.
- Consistent growth in assets from $72,861 in 2016 to $235,235 in 2023, demonstrating strong financial management.
- Very low liabilities, often $0, indicating excellent financial health and minimal debt.
- Positive net income in multiple years, such as 2022 where revenue ($211,530) significantly exceeded expenses ($127,532).
- Consistent filing of IRS Form 990s over 8 periods, showing commitment to transparency.
Frequently Asked Questions about Kentucky Heartwood Inc
Is Kentucky Heartwood Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kentucky Heartwood Inc (EIN: 10701145) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Kentucky Heartwood Inc spend its money?
Kentucky Heartwood Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kentucky Heartwood Inc tax-deductible?
Kentucky Heartwood Inc is registered as a tax-exempt nonprofit (EIN: 10701145). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Kentucky Heartwood Inc a good charity?
Based on the provided financial data, Kentucky Heartwood Inc appears to be a very good charity. It consistently reports 0% officer compensation, maintains low liabilities, and has shown growth in assets, indicating responsible financial management and a strong commitment to directing funds towards its mission.
How has Kentucky Heartwood Inc's revenue trended?
Kentucky Heartwood Inc's revenue has shown an upward trend over the long term, growing from $102,360 in 2016 to a peak of $211,530 in 2022, before a slight decrease to $178,102 in 2023. This indicates a generally positive fundraising capacity.
What is the organization's financial stability?
The organization demonstrates strong financial stability. Assets have consistently grown, reaching $235,235 in 2023, while liabilities have remained very low, often at $0 or a few thousand dollars (e.g., $2,420 in 2023), indicating a healthy balance sheet.
Filing History
IRS 990 filing history for Kentucky Heartwood Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Kentucky Heartwood Inc's revenue has grown by 74%, moving from $102K to $178K. Total assets increased by 222.9% over the same period, from $73K to $235K. Total functional expenses rose by 143.4%, from $82K to $199K. In its most recent filing year (2023), Kentucky Heartwood Inc reported a deficit of $21K, with expenses exceeding revenue. The organization holds $2K in liabilities against $235K in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $233K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $178K | $199K | $235K | $2K | — | — |
| 2022 | $212K | $128K | $236K | $4K | — | View 990 |
| 2021 | $175K | $113K | $154K | $2K | — | View 990 |
| 2020 | $98K | $113K | $80K | $0 | — | View 990 |
| 2019 | $145K | $129K | $95K | $0 | — | View 990 |
| 2018 | $93K | $122K | $79K | $0 | — | View 990 |
| 2017 | $117K | $82K | $108K | $0 | — | View 990 |
| 2016 | $102K | $82K | $73K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $178K, expenses of $199K, and assets of $235K (revenue -15.8% year-over-year).
- 2022: Revenue of $212K, expenses of $128K, and assets of $236K (revenue +20.9% year-over-year).
- 2021: Revenue of $175K, expenses of $113K, and assets of $154K (revenue +77.8% year-over-year).
- 2020: Revenue of $98K, expenses of $113K, and assets of $80K (revenue -32.0% year-over-year).
- 2019: Revenue of $145K, expenses of $129K, and assets of $95K (revenue +56.2% year-over-year).
- 2018: Revenue of $93K, expenses of $122K, and assets of $79K (revenue -20.7% year-over-year).
- 2017: Revenue of $117K, expenses of $82K, and assets of $108K (revenue +14.1% year-over-year).
- 2016: Revenue of $102K, expenses of $82K, and assets of $73K.
Data Sources and Methodology
This transparency report for Kentucky Heartwood 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.