Carmela's Heart Foundation Inc
Nonprofit profile at a glance
- EIN
- 852040678
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2020
- Location
- Weston, FL, USA
- Rating
- 93
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Public, Society Benefit N.E.C.
Reported finances
- Revenue
- $53,331
- Expenses
- $57,903
- Assets
- $5,143
- Liabilities
- $2,083
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
People named in this filing
- MARIA GARZA (EXECUTIVE DI)
- VICTORIA SUCCAR (TREASURER)
- LARISSA WERNER (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To generate opportunities to bring spiritual and corporal works of mercy to life, activating campaigns to collect funds directed to different charities. In addition, the foundation helps children in extreme poverty, living in circumstances of famine and disease.
What it reported doing in 2024
In 2024, through out latidos tricolor program we provided assistance to families in venezuela, addressing urgent needs in nutrition and health care. The program delivered 28,000 meals to 2,700 children suffering from malnutrition and distributed medical supplies, equipment, treatments, clothing, and christmas gifts to 60 children affected by cancer and other chronic illnesses. Through our carmelas kitchen program in malawi, africa, we provided daily meals to 1,150 children for 10 consecutive months. The kitchen, located within a school, helps reduce hunger while promoting education as a path out of poverty. Additionally, in guatemala, the foundation assisted 50 children and their families by providing school supplies, food baskets, and christmas gifts, supporting both their nutritional and educational needs.
Operating model
- Revenue model
- Donor-supported. 85% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 86% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 100
- Sustainability: 26
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -8.6%; rating input score 32; 32nd percentile among comparable filings
- Total-asset coverage ratio: 0.09; rating input score 11; 11th percentile among comparable filings
- Liabilities to assets ratio: 0.41; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 2.7% per year; rating input score 100; 56th percentile among comparable filings
- Revenue growth: -0.1% per year; rating input score 0; 51st percentile among comparable filings
- Asset growth: -17.8% per year; rating input score 0; 11th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $58K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 4 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 32/100.
- High — Sustainability: Total-asset coverage ratio scored 11/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 10/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.