Heart for Ethiopia Inc

Analysis

Heart for Ethiopia Inc is a registered charity in United States, based in Desoto, TX. It received its IRS tax-exemption ruling in September 2006, 20 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, Heart for Ethiopia Inc reported income of $172k and spending of $210k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $203k to $172k (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 107% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Heart for Ethiopia Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include Every Life Inc ($172k), Plenty International ($173k) and Latin American Relief Fund ($172k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 47% of the total. At year end it held assets of $10k against liabilities of $0, net assets of $10k.