Local Heart Foundation
EIN: 822809813 · Lake Charles, LA · NTEE: G43
| Metric | Value |
|---|---|
| Total Revenue | $160K |
| Total Expenses | $72K |
| Net Assets | $577K |
Is Local Heart Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Local Heart Foundation
Local Heart Foundation (EIN: 822809813) is a nonprofit organization based in Lake Charles, LA, classified under NTEE code G43. The organization reported total revenue of $160K and total assets of $546K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local Heart Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local Heart Foundation is a small nonprofit that has been operating for 8 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of -18.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $90K |
| Total Expenses | $72K |
| Surplus / Deficit | +$18K |
| Total Assets | $577K |
| Net Assets | $577K |
| Operating Margin | 19.8% |
| Months of Reserves | 95.9 months |
Financial Health Grade: A
In 2023, Local Heart Foundation reported a surplus of $18K with revenue exceeding expenses, holds 95.9 months of operating reserves (strong position).
Financial Trends
Over 6 years of filings (2018–2023), Local Heart Foundation's revenue has declined at a compound annual growth rate (CAGR) of -18.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +122.6% | +30.1% | +3.2% |
| 2022 | -76.9% | -60.7% | -2.6% |
| 2021 | -38.3% | +48.4% | +6.2% |
| 2020 | +4.0% | -13.0% | +53.5% |
| 2019 | +9.4% | +81.4% | +86.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Local Heart Foundation 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 Local Heart Foundation 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 $18K, with revenue exceeding expenses.
Frequently Asked Questions about Local Heart Foundation
Is Local Heart Foundation a legitimate charity?
Local Heart Foundation (EIN: 822809813) is a registered tax-exempt nonprofit based in Louisiana. It has 6 years of IRS 990 filings on record. Total revenue: $160K. No red flags identified. Financial health grade: A.
How does Local Heart Foundation spend its money?
Local Heart Foundation reported $160K in total revenue in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Local Heart Foundation tax-deductible?
Local Heart Foundation is registered as a tax-exempt nonprofit (EIN: 822809813). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Local Heart Foundation located?
Local Heart Foundation is headquartered in Lake Charles, Louisiana and files with the IRS under EIN 822809813. It is classified under NTEE code G43.
How many years of IRS 990 filings does Local Heart Foundation have?
Local Heart Foundation has 6 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 $160K in total revenue.
Filing History
IRS 990 filing history for Local Heart Foundation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Local Heart Foundation's revenue has declined by 63.9%, moving from $249K to $90K. Total assets increased by 205.5% over the same period, from $189K to $577K. Total functional expenses rose by 19.9%, from $60K to $72K. In its most recent filing year (2023), Local Heart Foundation reported a surplus of $18K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $90K | $72K | $577K | $0 | — | — |
| 2022 | $40K | $56K | $559K | $0 | — | — |
| 2021 | $175K | $141K | $574K | $0 | — | — |
| 2020 | $284K | $95K | $541K | $0 | — | — |
| 2019 | $273K | $109K | $352K | $0 | — | View 990 |
| 2018 | $249K | $60K | $189K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $90K, expenses of $72K, and assets of $577K (revenue +122.6% year-over-year).
- 2022: Revenue of $40K, expenses of $56K, and assets of $559K (revenue -76.9% year-over-year).
- 2021: Revenue of $175K, expenses of $141K, and assets of $574K (revenue -38.3% year-over-year).
- 2020: Revenue of $284K, expenses of $95K, and assets of $541K (revenue +4.0% year-over-year).
- 2019: Revenue of $273K, expenses of $109K, and assets of $352K (revenue +9.4% year-over-year).
- 2018: Revenue of $249K, expenses of $60K, and assets of $189K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Local Heart Foundation:
Data Sources and Methodology
This transparency report for Local Heart Foundation 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.