Hearts & Lives

Analysis

Hearts & Lives is a registered charity in United States, based in Crestline, CA. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Hearts & Lives reported income of $686k and spending of $747k, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $637k to $686k (+7.8%), an average of +1.9% a year. The sharpest change came in the year to June 2020, when income rose by 33%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hearts & Lives sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Bender Leadership Academy ($686k), Titusville Community Development Services Inc ($687k) and Northwest Missouri Industries Inc ($685k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $119k (16% of expenses). Other salaries and wages came to $382k. At year end it held assets of $259k against liabilities of $25k, net assets of $234k. It reported 19 employees.