Hearts for the Homeless of Western New York Inc

Analysis

Hearts for the Homeless of Western New York Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Hearts for the Homeless of Western New York Inc reported income of $418k and spending of $349k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $638k to $418k (-35%), an average of -10% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 78% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hearts for the Homeless of Western New York Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Vision Team International USA Inc ($418k), World Family of Radio Maria Inc ($418k) and Community Christian Family Life Center NFP ($417k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $134k. At year end it held assets of $1.1m against liabilities of $23k, net assets of $1.0m.