Touch a Heart Foundation Inc

Analysis

Touch a Heart Foundation Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Touch a Heart Foundation Inc reported income of $97k and spending of $66k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $82k to $97k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Touch a Heart Foundation Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 40th percentile within FL. Charities of a similar size with the same main cause include Outside the Walls Ministries ($97k), St Thomas Episcopal Church Thrift Store Inc ($97k) and Family Renewal Initiative Inc ($97k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 14% of the total. At year end it held assets of $120k against liabilities of $0, net assets of $120k.