Heart of Camden Inc

Analysis

Heart of Camden Inc is a registered charity in United States, based in Camden, NJ. It received its IRS tax-exemption ruling in August 1985, 41 years ago. 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 of Camden Inc reported income of $838k and spending of $734k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $366k to $838k (+129%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Heart of Camden Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within NJ. Charities of a similar size with the same main cause include The Elms Inc ($838k), South Carolina Policy Council Education Foundation ($838k) and White Fields Inc ($838k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $105k (14% of expenses). Other salaries and wages came to $191k. At year end it held assets of $604k against liabilities of $82k, net assets of $522k. It reported 7 employees.