Hearts with Hope Foundation

Analysis

Hearts with Hope Foundation is a registered charity in United States, based in Spring, TX. It received its IRS tax-exemption ruling in February 2008, 18 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hearts with Hope Foundation reported income of $2.5m and spending of $1.8m, leaving 26% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $2.1m to $2.5m (+16%), an average of +3.0% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hearts with Hope Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Foundation for Womans ($2.5m), Venture Strategies for Health and Development ($2.5m) and Easter Seals Alabama Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $223k (12% of expenses). Other salaries and wages came to $896k. At year end it held assets of $2.4m against liabilities of $550k, net assets of $1.9m. It reported 24 employees.