Open Hearth Community Center

Analysis

Open Hearth Community Center is a registered charity in United States, based in Waitsfield, VT. It received its IRS tax-exemption ruling in July 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Open Hearth Community Center reported income of $258k and spending of $185k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $178k to $258k (+45%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Open Hearth Community Center sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 50th percentile within VT. Charities of a similar size with the same main cause include National Association of Corporate Directors ($258k), Taproot Farm & Environmental Education Center ($258k) and Hawaii Education Association ($258k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 76% of the total. Other salaries and wages came to $141k. At year end it held assets of $150k against liabilities of $31k, net assets of $119k. It reported 9 employees.