Touch a Heart Inc

Analysis

Touch a Heart Inc is a registered charity in United States, based in Aiea, HI. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Touch a Heart Inc reported income of $816k and spending of $863k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $232k to $816k (+251%), an average of +37% a year. The sharpest change came in the year to December 2020, when income rose by 190%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Touch a Heart Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within HI. Charities of a similar size with the same main cause include New Hope Transition Center Inc ($816k), Farmers Market Federation of New York ($816k) and Furniture Mission ($816k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $78k (9.1% of expenses). At year end it held assets of $443k against liabilities of $150k, net assets of $293k. It reported 31 employees.