Children at Heart Adoption Services

Analysis

Children at Heart Adoption Services is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 2024, Children at Heart Adoption Services reported income of $188k and spending of $207k, spending 110% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $170k to $188k (+10%), an average of +2.0% a year. The sharpest change came in the year to June 2022, when income rose by 57%. Over the whole period it spent 121% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Children at Heart Adoption Services sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NC. Charities of a similar size with the same main cause include Equalhealth Inc ($188k), Friends of Tilonia Inc ($188k) and Samuels House ($188k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $50k (24% of expenses). Other salaries and wages came to $60k. At year end it held assets of $92k against liabilities of $207k, net assets of -$115k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.