Heart and Soul Charitable Fund Inc

Analysis

Heart and Soul Charitable Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Heart and Soul Charitable Fund Inc reported income of $313k and spending of $218k, leaving 30% of income unspent that year. Across the 5 years on record, from April 2019 to June 2023, income grew from $232k to $313k (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2023, when income rose by 49%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Heart and Soul Charitable Fund Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Ddembe Inc ($313k), Finao Inc ($314k) and Charm Share and Care Fund ($313k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $358k against liabilities of $0, net assets of $358k.