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
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Kentucky Heartwood Inc is mapped to EIN 10701145.
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8 stored filing years available.
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90% program spend, health grade B
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| Metric | Value |
|---|---|
| Total Revenue | $226K |
| Total Expenses | $199K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $90,000 |
| Net Assets | $233K |
| Transparency Score | 92/100 |
Search Intent Cockpit
Kentucky Heartwood Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Kentucky Heartwood Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Kentucky Heartwood Inc in one place.
Form 990 Filing Summary
8 filing years are available, with latest revenue of $178K and expenses of $199K.
Revenue and Expenses
Kentucky Heartwood Inc reported $178K in revenue and $199K in expenses, a deficit of $21K.
Executive Compensation
Top officer compensation appears as $90,000 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
92/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.
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 →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $179K (90%) |
Across stored filings, Kentucky Heartwood Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade B | 8 stored filing years |
| Peer context | Compare with Carriage Museum Of America | Kentucky and Environment context |
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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.
Organization Overview
Kentucky Heartwood Inc is a small nonprofit that has been operating for 24 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 8.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $178K |
| Total Expenses | $199K |
| Surplus / Deficit | $-21,118 |
| Total Assets | $235K |
| Total Liabilities | $2K |
| Net Assets | $233K |
| Operating Margin | -11.9% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 14.2 months |
Financial Health Grade: B
In 2023, Kentucky Heartwood Inc reported a deficit of $21K with expenses exceeding revenue, holds 14.2 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 8 years of filings (2016–2023), Kentucky Heartwood Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.8% | +56.2% | -0.2% |
| 2022 | +20.9% | +12.5% | +53.0% |
| 2021 | +77.8% | +0.5% | +91.5% |
| 2020 | -32.0% | -12.4% | -15.2% |
| 2019 | +56.2% | +6.0% | +20.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $21K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.0%.
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?
Kentucky Heartwood Inc (EIN: 10701145) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 92/100. It has 8 years of IRS 990 filings on record. Total revenue: $226K. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Kentucky Heartwood Inc spend its money?
Kentucky Heartwood Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
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.
How much does the Kentucky Heartwood Inc CEO make?
Kentucky Heartwood Inc's highest-compensated officer earns $90,000 annually. The organization reported $226K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Kentucky Heartwood Inc's spending goes to programs?
Kentucky Heartwood Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kentucky Heartwood Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Kentucky Heartwood Inc is above average for NTEE category C300 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kentucky Heartwood Inc located?
Kentucky Heartwood Inc is headquartered in Berea, Kentucky and files with the IRS under EIN 10701145. It is classified under NTEE code C300.
How many years of IRS 990 filings does Kentucky Heartwood Inc have?
Kentucky Heartwood Inc has 8 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 $226K in total revenue.
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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kentucky Heartwood Inc:
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.