Local Hearts Foundation
Nonprofit profile at a glance
- EIN
- 831313611
- IRS 990-EZ coverage
- 2020–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2019
- Location
- Downey, CA, USA
- Phone
- 5627461163
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Private Operating Foundations
Reported finances
- Revenue
- $157,575
- Expenses
- $49,300
- Assets
- $159,541
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
People named in this filing
- Francisco Rodriguez (Director)
- HJ Chong (Co-Founder)
- Raul Rodriguez (Treasurer)
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
Our primary exempt purpose is to support, feed and provide resources for low income families. Especially the children in under resourced areas of Los Angeles County and Orange County of California. In 2024 we expanded by adding 4 other cities in our backpack and turkey giveaways. We now have 5 main programs we support the community with annually. However we are busier than ever year round now since the pandemic we have had to fill in assisting in areas that require more attention, help and assistance. 5 main programs are: Love our Vendors, Easter basket giveaway, Education is Power backpack and school supplies giveaway, Diamond and Turkeys turkey and food giveaway, and A Diamond Christmas toy and gift giveaway.
What it reported doing in 2024
Our program Education is Power: Backpack & School supplies giveaway is always a huge success. We giveaway 2500 backpacks filled with school supplies to school age children in lower income neighborhoods. Hosted at MacArthur Park at Homeland Cultural Center. We provide markers, pens, pencils, folders, binders, mirrors, rulers, staplers and many other necessary school items. We have helped thousands of families prepare for the new school year with this program in place since 2012. Its impact is huge in the community. We offer a fun and lively event filled with resources to lessen the burden on parents and guardians of student age children of all grades.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
STRONG - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 64
- Transparency & Controls: 100
- Sustainability: 89
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 42.9%; rating input score 43
- 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: 68.7%; rating input score 97; 97th percentile among comparable filings
- Total-asset coverage ratio: 3.24; rating input score 91; 91st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 5% per year; rating input score 100; 47th percentile among comparable filings
- Revenue growth: 1.3% per year; rating input score 100; 27th percentile among comparable filings
- Asset growth: 37.9% per year; rating input score 100; 91st percentile among comparable filings
Details
- Where the money goes: 42.9% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 5 filed program accomplishments · $68K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 43/100.
- Moderate — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.