Hearth Inc

Analysis

Hearth Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 1994, 32 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2022, Hearth Inc reported income of $90k and spending of $157k, spending 174% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $98k to $90k (-8.2%), an average of -8.2% a year. Over the whole period it spent 166% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hearth Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 42nd percentile within MA. Charities of a similar size with the same main cause include Apostolic Christian Home of Sabetha Foundation Inc ($90k), Windham Housing Development Fund Company Inc ($90k) and Community Services First Housing Corporation ($90k).

On its Form 990-EZ for the period ending December 2022, revenue came from program service revenue 98% of the total. At year end it held assets of $194k against liabilities of $328k, net assets of -$134k.