New Heart Ministries
New Heart Ministries reported minimal financial activity in its sole 2017 filing, with $2,406 in revenue and $2,202 in expenses.
EIN: 201785172 · Cheyenne, WY · NTEE: X21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $2K |
| Program Spending | 90% |
| Net Assets | $204 |
| Transparency Score | 60/100 |
Is New Heart Ministries Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Heart Ministries directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Heart Ministries
New Heart Ministries (EIN: 201785172) is a nonprofit organization based in Cheyenne, WY, classified under NTEE code X21. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Heart Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Heart Ministries is a micro nonprofit that has been operating for 21 years.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $2K |
| Total Expenses | $2K |
| Surplus / Deficit | +$204 |
| Total Assets | $204 |
| Net Assets | $204 |
| Operating Margin | 8.5% |
| Months of Reserves | 1.1 months |
Financial Health Grade: A
In 2017, New Heart Ministries reported a surplus of $204 with revenue exceeding expenses, holds 1.1 months of operating reserves (limited).
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2005 |
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 New Heart Ministries with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, New Heart Ministries allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $204, with revenue exceeding expenses.
Executive Compensation Analysis
No officer compensation was reported in the 2017 filing, which is appropriate for an organization with such minimal revenue and expenses.
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.
Red Flags
The following concerns were identified during AI analysis of New Heart Ministries's IRS 990 filings:
- Lack of recent financial filings beyond 2017, making current financial status unknown.
- Zero reported revenue and assets in the latest summary, which may indicate inactivity or a data discrepancy if the 2017 filing is the only one.
Strengths
The following positive indicators were identified for New Heart Ministries:
- Low administrative overhead in its initial filing (10% of expenses).
- No reported liabilities in its initial filing, indicating financial stability at that time.
Frequently Asked Questions about New Heart Ministries
Is New Heart Ministries a legitimate charity?
Based on AI analysis of IRS 990 filings, New Heart Ministries (EIN: 201785172) some concerns. Mission Score: 60/100. 2 red flags identified, 2 strengths noted.
How does New Heart Ministries spend its money?
New Heart Ministries directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New Heart Ministries tax-deductible?
New Heart Ministries is registered as a tax-exempt nonprofit (EIN: 201785172). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does New Heart Ministries compare to similar nonprofits?
With a transparency score of 60/100 (Good), New Heart Ministries is above average for NTEE category X21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Heart Ministries located?
New Heart Ministries is headquartered in Cheyenne, Wyoming and files with the IRS under EIN 201785172. It is classified under NTEE code X21.
Is New Heart Ministries still active?
Based on the provided data, there is only one filing from 2017. Without more recent filings, it's unclear if the organization is still active or has ceased operations.
What are the primary programs of New Heart Ministries?
The NTEE code X21 indicates 'Religious, Spiritual, and Faith-Based Organizations - Christian,' suggesting its programs are likely faith-based, but specific program details are not available in the provided financial summary.
How does New Heart Ministries fund its operations?
In 2017, the organization reported $2,406 in revenue. The source of this revenue (e.g., donations, grants) is not specified in the provided data.
Filing History
IRS 990 filing history for New Heart Ministries showing financial trends over 1 year of public records:
In its most recent filing year (2017), New Heart Ministries reported a surplus of $204, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $2K | $2K | $204 | $0 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Heart Ministries:
Data Sources and Methodology
This transparency report for New Heart Ministries 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.