Little Hearts Preschool
EIN: 921055012 · Liberty Twp, OH · NTEE: B21
| Metric | Value |
|---|---|
| Total Revenue | $618K |
| Total Expenses | $660K |
| Net Assets | $141K |
Is Little Hearts Preschool Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Little Hearts Preschool
Little Hearts Preschool (EIN: 921055012) is a nonprofit organization based in Liberty Twp, OH, classified under NTEE code B21. The organization reported total revenue of $618K and total assets of $147K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Little Hearts Preschool's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Little Hearts Preschool is a small nonprofit that has been operating for 3 years, with 2 years of IRS 990 filings on record (2023–2024). Revenue has grown at a compound annual rate of 20.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $597K |
| Total Expenses | $660K |
| Surplus / Deficit | $-62,238 |
| Total Assets | $178K |
| Total Liabilities | $37K |
| Net Assets | $141K |
| Operating Margin | -10.4% |
| Debt-to-Asset Ratio | 20.7% |
| Months of Reserves | 3.2 months |
Financial Health Grade: B
In 2024, Little Hearts Preschool reported a deficit of $62K with expenses exceeding revenue, holds 3.2 months of operating reserves (adequate), has a debt-to-asset ratio of 20.7% (moderate leverage).
Financial Trends
Over 2 years of filings (2023–2024), Little Hearts Preschool's revenue has grown at a compound annual growth rate (CAGR) of 20.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +20.8% | +126.5% | -28.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2700 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Little Hearts Preschool 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 Little Hearts Preschool 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $62K, with expenses exceeding revenue.
- Debt-to-asset ratio: 20.7%.
Frequently Asked Questions about Little Hearts Preschool
Is Little Hearts Preschool a legitimate charity?
Little Hearts Preschool (EIN: 921055012) is a registered tax-exempt nonprofit based in Ohio. It has 2 years of IRS 990 filings on record. Total revenue: $618K. No red flags identified. Financial health grade: B.
How does Little Hearts Preschool spend its money?
Little Hearts Preschool reported $618K in total revenue in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Little Hearts Preschool tax-deductible?
Little Hearts Preschool is registered as a tax-exempt nonprofit (EIN: 921055012). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Little Hearts Preschool located?
Little Hearts Preschool is headquartered in Liberty Twp, Ohio and files with the IRS under EIN 921055012. It is classified under NTEE code B21.
How many years of IRS 990 filings does Little Hearts Preschool have?
Little Hearts Preschool has 2 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 $618K in total revenue.
Filing History
IRS 990 filing history for Little Hearts Preschool showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2023–2024), Little Hearts Preschool's revenue has grown by 20.8%, moving from $494K to $597K. Total assets decreased by 28.2% over the same period, from $248K to $178K. Total functional expenses rose by 126.5%, from $291K to $660K. In its most recent filing year (2024), Little Hearts Preschool reported a deficit of $62K, with expenses exceeding revenue. The organization holds $37K in liabilities against $178K in assets (debt-to-asset ratio: 20.7%), resulting in net assets of $141K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $597K | $660K | $178K | $37K | — | — |
| 2023 | $494K | $291K | $248K | $44K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Little Hearts Preschool:
Data Sources and Methodology
This transparency report for Little Hearts Preschool 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.