Matthew 25 40 Heartside Inc
EIN: 383075239 · Grand Rapids, MI · NTEE: Z99Z
| Metric | Value |
|---|---|
| Total Revenue | $644K |
| Total Expenses | $654K |
| Net Assets | $1.5M |
Is Matthew 25 40 Heartside Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Matthew 25 40 Heartside Inc
Matthew 25 40 Heartside Inc (EIN: 383075239) is a nonprofit organization based in Grand Rapids, MI, classified under NTEE code Z99Z. The organization reported total revenue of $644K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Matthew 25 40 Heartside Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Matthew 25 40 Heartside Inc is a small nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $632K |
| Total Expenses | $654K |
| Surplus / Deficit | $-22,178 |
| Total Assets | $1.5M |
| Total Liabilities | $19K |
| Net Assets | $1.5M |
| Operating Margin | -3.5% |
| Debt-to-Asset Ratio | 1.2% |
| Months of Reserves | 28.2 months |
Financial Health Grade: B
In 2023, Matthew 25 40 Heartside Inc reported a deficit of $22K with expenses exceeding revenue, holds 28.2 months of operating reserves (strong position), has a debt-to-asset ratio of 1.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Matthew 25 40 Heartside Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.3% | +19.5% | -2.8% |
| 2022 | -24.6% | +1.7% | +4.5% |
| 2021 | -21.8% | +22.6% | +19.6% |
| 2020 | +114.5% | -9.9% | +66.2% |
| 2019 | -5.0% | +10.1% | -2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Matthew 25 40 Heartside Inc 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 Matthew 25 40 Heartside Inc 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 deficit of $22K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.2%.
Frequently Asked Questions about Matthew 25 40 Heartside Inc
Is Matthew 25 40 Heartside Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Matthew 25 40 Heartside Inc (EIN: 383075239) insufficient data. 0 red flags identified, 0 strengths noted.
How does Matthew 25 40 Heartside Inc spend its money?
Detailed spending breakdown data is not yet available for Matthew 25 40 Heartside Inc. Check back for updated IRS 990 analysis.
Are donations to Matthew 25 40 Heartside Inc tax-deductible?
Matthew 25 40 Heartside Inc is registered as a tax-exempt nonprofit (EIN: 383075239). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Matthew 25 40 Heartside Inc located?
Matthew 25 40 Heartside Inc is headquartered in Grand Rapids, Michigan and files with the IRS under EIN 383075239. It is classified under NTEE code Z99Z.
How many years of IRS 990 filings does Matthew 25 40 Heartside Inc have?
Matthew 25 40 Heartside Inc has 13 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 $644K in total revenue.
Filing History
IRS 990 filing history for Matthew 25 40 Heartside Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Matthew 25 40 Heartside Inc's revenue has grown by 17.6%, moving from $537K to $632K. Total assets increased by 34.6% over the same period, from $1.1M to $1.5M. Total functional expenses rose by 32%, from $496K to $654K. In its most recent filing year (2023), Matthew 25 40 Heartside Inc reported a deficit of $22K, with expenses exceeding revenue. The organization holds $19K in liabilities against $1.5M in assets (debt-to-asset ratio: 1.2%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $632K | $654K | $1.5M | $19K | — | — |
| 2022 | $594K | $547K | $1.6M | $40K | — | View 990 |
| 2021 | $788K | $538K | $1.5M | $19K | — | View 990 |
| 2020 | $1.0M | $439K | $1.3M | $20K | — | View 990 |
| 2019 | $470K | $487K | $761K | $85K | — | View 990 |
| 2018 | $495K | $442K | $783K | $90K | — | View 990 |
| 2017 | $509K | $441K | $756K | $115K | — | — |
| 2016 | $432K | $432K | $707K | $134K | — | View 990 |
| 2015 | $439K | $492K | $734K | $162K | — | View 990 |
| 2014 | $557K | $493K | $798K | $173K | — | View 990 |
| 2013 | $542K | $796K | $780K | $218K | — | View 990 |
| 2012 | $546K | $657K | $988K | $173K | — | View 990 |
| 2011 | $537K | $496K | $1.1M | $217K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $632K, expenses of $654K, and assets of $1.5M (revenue +6.3% year-over-year).
- 2022: Revenue of $594K, expenses of $547K, and assets of $1.6M (revenue -24.6% year-over-year).
- 2021: Revenue of $788K, expenses of $538K, and assets of $1.5M (revenue -21.8% year-over-year).
- 2020: Revenue of $1.0M, expenses of $439K, and assets of $1.3M (revenue +114.5% year-over-year).
- 2019: Revenue of $470K, expenses of $487K, and assets of $761K (revenue -5.0% year-over-year).
- 2018: Revenue of $495K, expenses of $442K, and assets of $783K (revenue -2.8% year-over-year).
- 2017: Revenue of $509K, expenses of $441K, and assets of $756K (revenue +17.7% year-over-year).
- 2016: Revenue of $432K, expenses of $432K, and assets of $707K (revenue -1.6% year-over-year).
- 2015: Revenue of $439K, expenses of $492K, and assets of $734K (revenue -21.2% year-over-year).
- 2014: Revenue of $557K, expenses of $493K, and assets of $798K (revenue +2.9% year-over-year).
- 2013: Revenue of $542K, expenses of $796K, and assets of $780K (revenue -0.8% year-over-year).
- 2012: Revenue of $546K, expenses of $657K, and assets of $988K (revenue +1.6% year-over-year).
- 2011: Revenue of $537K, expenses of $496K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Matthew 25 40 Heartside Inc:
Data Sources and Methodology
This transparency report for Matthew 25 40 Heartside 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.