Take Heart Incorporated
EIN: 475266388 · Old Bethpage, NY · NTEE: Q33
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $1.6M |
| Net Assets | $2.0M |
Is Take Heart Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Take Heart Incorporated
Take Heart Incorporated (EIN: 475266388) is a nonprofit organization based in Old Bethpage, NY, classified under NTEE code Q33. The organization reported total revenue of $2.7M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Take Heart Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Take Heart Incorporated is a mid-size nonprofit that has been operating for 10 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 57.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$793K |
| Total Assets | $2.1M |
| Total Liabilities | $18K |
| Net Assets | $2.0M |
| Operating Margin | 33.7% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 15.9 months |
Financial Health Grade: A
In 2023, Take Heart Incorporated reported a surplus of $793K with revenue exceeding expenses, holds 15.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 9 years of filings (2015–2023), Take Heart Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 57.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.6% | +8.1% | +61.8% |
| 2022 | +20.4% | +34.2% | +45.8% |
| 2021 | +33.5% | +14.6% | +105.0% |
| 2020 | +32.6% | +11.5% | +107.7% |
| 2019 | +19.0% | +30.5% | +13.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Take Heart Incorporated 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 Take Heart Incorporated 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 $793K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.9%.
Frequently Asked Questions about Take Heart Incorporated
Is Take Heart Incorporated a legitimate charity?
Take Heart Incorporated (EIN: 475266388) is a registered tax-exempt nonprofit based in New York. It has 9 years of IRS 990 filings on record. Total revenue: $2.7M. No red flags identified. Financial health grade: A.
How does Take Heart Incorporated spend its money?
Take Heart Incorporated reported $2.7M in total revenue in IRS 990 filings. 9 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Take Heart Incorporated tax-deductible?
Take Heart Incorporated is registered as a tax-exempt nonprofit (EIN: 475266388). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Take Heart Incorporated located?
Take Heart Incorporated is headquartered in Old Bethpage, New York and files with the IRS under EIN 475266388. It is classified under NTEE code Q33.
How many years of IRS 990 filings does Take Heart Incorporated have?
Take Heart Incorporated has 9 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 $2.7M in total revenue.
Filing History
IRS 990 filing history for Take Heart Incorporated showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Take Heart Incorporated's revenue has grown by 3754.9%, moving from $61K to $2.4M. Total assets increased by 3691.5% over the same period, from $55K to $2.1M. Total functional expenses rose by 23803.2%, from $7K to $1.6M. In its most recent filing year (2023), Take Heart Incorporated reported a surplus of $793K, with revenue exceeding expenses. The organization holds $18K in liabilities against $2.1M in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $1.6M | $2.1M | $18K | — | View 990 |
| 2022 | $1.8M | $1.4M | $1.3M | $21K | — | View 990 |
| 2021 | $1.5M | $1.1M | $876K | $20K | — | View 990 |
| 2020 | $1.1M | $938K | $427K | $27K | — | — |
| 2019 | $864K | $841K | $206K | $11K | — | View 990 |
| 2018 | $726K | $645K | $181K | $9K | — | View 990 |
| 2017 | $427K | $421K | $99K | $8K | — | View 990 |
| 2016 | $185K | $156K | $89K | $5K | — | View 990 |
| 2015 | $61K | $7K | $55K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $1.6M, and assets of $2.1M (revenue +27.6% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.4M, and assets of $1.3M (revenue +20.4% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.1M, and assets of $876K (revenue +33.5% year-over-year).
- 2020: Revenue of $1.1M, expenses of $938K, and assets of $427K (revenue +32.6% year-over-year).
- 2019: Revenue of $864K, expenses of $841K, and assets of $206K (revenue +19.0% year-over-year).
- 2018: Revenue of $726K, expenses of $645K, and assets of $181K (revenue +70.2% year-over-year).
- 2017: Revenue of $427K, expenses of $421K, and assets of $99K (revenue +130.1% year-over-year).
- 2016: Revenue of $185K, expenses of $156K, and assets of $89K (revenue +203.9% year-over-year).
- 2015: Revenue of $61K, expenses of $7K, and assets of $55K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Take Heart Incorporated:
Data Sources and Methodology
This transparency report for Take Heart Incorporated 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.