Hearts Gathered

Analysis

Hearts Gathered is a registered charity in United States, based in Omak, WA. It received its IRS tax-exemption ruling in December 2007, 19 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Hearts Gathered reported income of $416k and spending of $286k, leaving 31% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income grew from $324k to $416k (+29%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hearts Gathered sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within WA. Charities of a similar size with the same main cause include American Dance Asylum Inc ($416k), Missouri Association of County Developmmental Disabilities Serv ($416k) and Council of Science Editors ($416k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 70% of the total. Other salaries and wages came to $231k. At year end it held assets of $241k against liabilities of $1,372, net assets of $240k. It reported 6 employees.