Touch Heart Center For Development Inc
EIN: 261971118 · Stafford, VA · NTEE: B21
Is Touch Heart Center For Development Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Touch Heart Center For Development Inc
Touch Heart Center For Development Inc (EIN: 261971118) is a nonprofit organization based in Stafford, VA, classified under NTEE code B21. The organization reported total revenue of $354K and total assets of $41K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Touch Heart Center For Development Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Touch Heart Center For Development Inc is a small nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $264K |
| Total Expenses | $316K |
| Surplus / Deficit | $-52,105 |
| Total Assets | $99K |
| Total Liabilities | $50K |
| Net Assets | $48K |
| Operating Margin | -19.7% |
| Debt-to-Asset Ratio | 51.2% |
| Months of Reserves | 3.7 months |
Financial Health Grade: C
In 2023, Touch Heart Center For Development Inc reported a deficit of $52K with expenses exceeding revenue, holds 3.7 months of operating reserves (adequate), has a debt-to-asset ratio of 51.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Touch Heart Center For Development Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.8% | +11.8% | -9.5% |
| 2022 | +2.8% | +18.1% | -6.8% |
| 2021 | +37.3% | +31.9% | +42.6% |
| 2020 | -17.0% | -4.6% | +37.0% |
| 2019 | +20.4% | +4.7% | +245.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Touch Heart Center For Development 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 Touch Heart Center For Development 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 $52K, with expenses exceeding revenue.
- Debt-to-asset ratio: 51.2%.
Frequently Asked Questions about Touch Heart Center For Development Inc
Is Touch Heart Center For Development Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Touch Heart Center For Development Inc (EIN: 261971118) insufficient data. 0 red flags identified, 0 strengths noted.
How does Touch Heart Center For Development Inc spend its money?
Detailed spending breakdown data is not yet available for Touch Heart Center For Development Inc. Check back for updated IRS 990 analysis.
Are donations to Touch Heart Center For Development Inc tax-deductible?
Touch Heart Center For Development Inc is registered as a tax-exempt nonprofit (EIN: 261971118). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Touch Heart Center For Development Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Touch Heart Center For Development Inc's revenue has grown by 96.1%, moving from $135K to $264K. Total assets increased by 8527.3% over the same period, from $1K to $99K. Total functional expenses rose by 134%, from $135K to $316K. In its most recent filing year (2023), Touch Heart Center For Development Inc reported a deficit of $52K, with expenses exceeding revenue. The organization holds $50K in liabilities against $99K in assets (debt-to-asset ratio: 51.2%), resulting in net assets of $48K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $264K | $316K | $99K | $50K | — | — |
| 2022 | $272K | $283K | $109K | $9K | — | View 990 |
| 2021 | $264K | $240K | $117K | $5K | — | View 990 |
| 2020 | $192K | $182K | $82K | $26K | — | View 990 |
| 2019 | $232K | $190K | $60K | $15K | — | View 990 |
| 2018 | $192K | $182K | $17K | $15K | — | View 990 |
| 2017 | $151K | $161K | $7K | $16K | — | View 990 |
| 2016 | $131K | $124K | $12K | $11K | — | View 990 |
| 2015 | $107K | $107K | $7K | $13K | — | View 990 |
| 2014 | $95K | $93K | $3K | $8K | — | View 990 |
| 2013 | $82K | $83K | $434 | $7K | — | View 990 |
| 2012 | $87K | $92K | $2K | $7K | — | View 990 |
| 2011 | $135K | $135K | $1K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $264K, expenses of $316K, and assets of $99K (revenue -2.8% year-over-year).
- 2022: Revenue of $272K, expenses of $283K, and assets of $109K (revenue +2.8% year-over-year).
- 2021: Revenue of $264K, expenses of $240K, and assets of $117K (revenue +37.3% year-over-year).
- 2020: Revenue of $192K, expenses of $182K, and assets of $82K (revenue -17.0% year-over-year).
- 2019: Revenue of $232K, expenses of $190K, and assets of $60K (revenue +20.4% year-over-year).
- 2018: Revenue of $192K, expenses of $182K, and assets of $17K (revenue +27.5% year-over-year).
- 2017: Revenue of $151K, expenses of $161K, and assets of $7K (revenue +15.4% year-over-year).
- 2016: Revenue of $131K, expenses of $124K, and assets of $12K (revenue +22.5% year-over-year).
- 2015: Revenue of $107K, expenses of $107K, and assets of $7K (revenue +12.6% year-over-year).
- 2014: Revenue of $95K, expenses of $93K, and assets of $3K (revenue +15.9% year-over-year).
- 2013: Revenue of $82K, expenses of $83K, and assets of $434 (revenue -6.2% year-over-year).
- 2012: Revenue of $87K, expenses of $92K, and assets of $2K (revenue -35.2% year-over-year).
- 2011: Revenue of $135K, expenses of $135K, and assets of $1K.
Data Sources and Methodology
This transparency report for Touch Heart Center For Development 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.