Patriotic Hearts Inc

Analysis

Patriotic Hearts Inc is a registered charity in United States, based in Carlsbad, CA. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Patriotic Hearts Inc reported income of $298k and spending of $243k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $96k to $298k (+211%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Patriotic Hearts Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Illinois Catholic Health Association ($298k), St Croix Swimming Association ($298k) and New Jersey Swimming Inc ($298k).

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 $34k (14% of expenses). Other salaries and wages came to $58k. It paid $4,352 in professional fundraising fees. At year end it held assets of $134k against liabilities of $0, net assets of $134k.