Hearthstone Homes of Wolfeboro Inc

Analysis

Hearthstone Homes of Wolfeboro Inc is a registered charity in United States, based in Wolfeboro, NH. It received its IRS tax-exemption ruling in May 1968, 58 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hearthstone Homes of Wolfeboro Inc reported income of $812k and spending of $760k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $774k to $812k (+4.9%), an average of +1.2% a year. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hearthstone Homes of Wolfeboro Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within NH. Charities of a similar size with the same main cause include Portales Retirement Housing Corporation ($812k), Bishop Pelczar Manor ($812k) and Deerfield Charitable Foundation ($812k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 43% of the total. At year end it held assets of $3.7m against liabilities of $2.7m, net assets of $1.0m.