Heart Share Human Services of New York

Analysis

Heart Share Human Services of New York is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Heart Share Human Services of New York reported income of $120.9m and spending of $118.9m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $102.4m to $120.9m (+18%), an average of +4.2% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heart Share Human Services of New York sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include The Neighborhood House Assn ($120.4m), THDF II Inc ($122.4m) and Roadrunner Food Bank Inc ($120.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.0% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $1.9m (1.6% of expenses). Other salaries and wages came to $59.5m. At year end it held assets of $128.5m against liabilities of $115.8m, net assets of $12.7m. It reported 1,609 employees.