Naked Heart Foundation Inc

Analysis

Naked Heart Foundation Inc is a registered charity in United States, based in Valley Cottage, NY. It received its IRS tax-exemption ruling in May 2005, 21 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 (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, Naked Heart Foundation Inc reported income of $1.2m and spending of $1.1m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $577k to $1.2m (+108%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 55088%. Over the whole period it spent 125% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Naked Heart Foundation Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Open Arms Childcare Ministries ($1.2m), Hope and Health International Inc ($1.2m) and Rene Moawad Foundation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $143k against liabilities of $10k, net assets of $133k.