Pink Heart Funds

Analysis

Pink Heart Funds is a registered charity in United States, based in Gulfport, MS. It received its IRS tax-exemption ruling in December 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, Pink Heart Funds reported income of $160k and spending of $107k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $129k to $160k (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2021, when income rose by 101%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pink Heart Funds sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within MS. Charities of a similar size with the same main cause include More Than Apples Inc ($160k), Share Community ($160k) and Kendal on Hudson Residents Association ($160k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $457k against liabilities of $2,743, net assets of $454k.