Hearts of Hope Foundation Inc

Analysis

Hearts of Hope Foundation Inc is a registered charity in United States, based in Perkasie, PA. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Hearts of Hope Foundation Inc reported income of $80k and spending of $70k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $80k to $80k (-0.2%), an average of -0.2% a year. Over the whole period it spent 109% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hearts of Hope Foundation Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within PA. Charities of a similar size with the same main cause include Polish American Health Association Inc ($80k), Carroll County Health Service Corp ($80k) and Club Meth to Christ ($80k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 55% of the total. At year end it held assets of $107k against liabilities of $8,311, net assets of $99k.