Hearts and Hammers Inc

Analysis

Hearts and Hammers Inc is a registered charity in United States, based in Joplin, MO. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 and Hammers Inc reported income of $109k and spending of $112k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $119k to $109k (-7.7%), an average of -7.7% a year. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hearts and Hammers Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within MO. Charities of a similar size with the same main cause include Mojave Cedar Supportive Housing Inc ($109k), Mosaic Housing Corp II ($109k) and White River Senior Complex Inc ($109k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $146k against liabilities of $414, net assets of $146k.