Peruvian Hearts
Peruvian Hearts maintains strong asset growth and zero liabilities with no officer compensation.
EIN: 200769896 · Golden, CO · NTEE: O50 · Updated: 2026-03-28
Is Peruvian Hearts Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Peruvian Hearts directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Peruvian Hearts
Peruvian Hearts (EIN: 200769896) is a nonprofit organization based in Golden, CO, classified under NTEE code O50. The organization reported total revenue of $430K and total assets of $652K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Peruvian Hearts's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Peruvian Hearts is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $328K |
| Total Expenses | $331K |
| Surplus / Deficit | $-2,167 |
| Total Assets | $685K |
| Net Assets | $685K |
| Operating Margin | -0.7% |
| Months of Reserves | 24.9 months |
Financial Health Grade: B
In 2023, Peruvian Hearts reported a deficit of $2K with expenses exceeding revenue, holds 24.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Peruvian Hearts's revenue has grown at a compound annual growth rate (CAGR) of 9.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.0% | -5.4% | -0.3% |
| 2022 | -14.7% | +0.1% | +2.3% |
| 2021 | +6.7% | +1.3% | +13.2% |
| 2020 | -41.8% | -3.3% | +10.5% |
| 2019 | +124.5% | +11.1% | +161.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
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 Peruvian Hearts 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, Peruvian Hearts 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 $2K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either unpaid or compensated through other means not classified as officer compensation, which is highly unusual for an organization of this size and suggests a very high dedication of resources to programs.
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 Peruvian Hearts's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided summary data makes precise efficiency analysis challenging.
Strengths
The following positive indicators were identified for Peruvian Hearts:
- Consistent reporting of $0 liabilities across all 13 filings.
- Significant asset growth over the past decade, from $108,270 in 2014 to $685,499 in 2023.
- 0% officer compensation reported, indicating a highly lean and mission-focused operational structure.
- Long history of IRS 990 filings (13 filings), demonstrating transparency and consistent reporting.
- Expenses generally managed within or close to revenue, indicating responsible financial stewardship.
Frequently Asked Questions about Peruvian Hearts
Is Peruvian Hearts a legitimate charity?
Based on AI analysis of IRS 990 filings, Peruvian Hearts (EIN: 200769896) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Peruvian Hearts spend its money?
Peruvian Hearts directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Peruvian Hearts tax-deductible?
Peruvian Hearts is registered as a tax-exempt nonprofit (EIN: 200769896). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Peruvian Hearts manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation across all 13 filings suggests that the organization's leadership may be entirely volunteer-based or compensated through non-officer roles, which is highly efficient for program delivery.
What is the trend in Peruvian Hearts' revenue and expenses?
Revenue has fluctuated, peaking at $688,148 in 2019 and more recently around $300k-$400k. Expenses have generally tracked revenue, with a slight deficit in 2023 ($328,418 revenue vs. $330,585 expenses) but overall demonstrating responsible spending within means.
Is Peruvian Hearts financially stable?
Yes, Peruvian Hearts appears financially stable. They have consistently reported $0 in liabilities across all filings and have shown significant asset growth from $108,270 in 2014 to $685,499 in 2023, indicating strong financial health and reserves.
Filing History
IRS 990 filing history for Peruvian Hearts showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Peruvian Hearts's revenue has grown by 189.2%, moving from $114K to $328K. Total assets increased by 1135.6% over the same period, from $55K to $685K. Total functional expenses rose by 138.5%, from $139K to $331K. In its most recent filing year (2023), Peruvian Hearts reported a deficit of $2K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $328K | $331K | $685K | $0 | — | — |
| 2022 | $365K | $350K | $688K | $0 | — | View 990 |
| 2021 | $428K | $349K | $672K | $0 | — | View 990 |
| 2020 | $401K | $345K | $594K | $0 | — | View 990 |
| 2019 | $688K | $356K | $538K | $0 | — | View 990 |
| 2018 | $306K | $321K | $206K | $0 | — | View 990 |
| 2017 | $305K | $251K | $220K | $0 | — | View 990 |
| 2016 | $293K | $235K | $174K | $0 | — | View 990 |
| 2015 | $235K | $247K | $116K | $0 | — | View 990 |
| 2014 | $151K | $158K | $108K | $0 | — | View 990 |
| 2013 | $138K | $135K | $116K | $0 | — | View 990 |
| 2012 | $172K | $116K | $112K | $0 | — | View 990 |
| 2011 | $114K | $139K | $55K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $328K, expenses of $331K, and assets of $685K (revenue -10.0% year-over-year).
- 2022: Revenue of $365K, expenses of $350K, and assets of $688K (revenue -14.7% year-over-year).
- 2021: Revenue of $428K, expenses of $349K, and assets of $672K (revenue +6.7% year-over-year).
- 2020: Revenue of $401K, expenses of $345K, and assets of $594K (revenue -41.8% year-over-year).
- 2019: Revenue of $688K, expenses of $356K, and assets of $538K (revenue +124.5% year-over-year).
- 2018: Revenue of $306K, expenses of $321K, and assets of $206K (revenue +0.6% year-over-year).
- 2017: Revenue of $305K, expenses of $251K, and assets of $220K (revenue +4.1% year-over-year).
- 2016: Revenue of $293K, expenses of $235K, and assets of $174K (revenue +24.3% year-over-year).
- 2015: Revenue of $235K, expenses of $247K, and assets of $116K (revenue +56.3% year-over-year).
- 2014: Revenue of $151K, expenses of $158K, and assets of $108K (revenue +8.8% year-over-year).
- 2013: Revenue of $138K, expenses of $135K, and assets of $116K (revenue -19.6% year-over-year).
- 2012: Revenue of $172K, expenses of $116K, and assets of $112K (revenue +51.6% year-over-year).
- 2011: Revenue of $114K, expenses of $139K, and assets of $55K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Peruvian Hearts:
Data Sources and Methodology
This transparency report for Peruvian Hearts 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.