Open Hearth Inc

Analysis

Open Hearth Inc is a registered charity in United States, based in Phoenixville, PA. It received its IRS tax-exemption ruling in July 1991, 35 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, Open Hearth Inc reported income of $3.1m and spending of $3.0m, spending 96% of its income. Across the 4 years on record, from September 2019 to December 2023, income grew from $1.6m to $3.1m (+95%), an average of +25% a year. The sharpest change came in the year to September 2021, when income rose by 170%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Open Hearth Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include Christian Heritage Childrens Home ($3.1m), Link of Hampton Roads Incorporated ($3.1m) and American Friends of or National Missions ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $324k (11% of expenses). Other salaries and wages came to $738k. At year end it held assets of $3.3m against liabilities of $294k, net assets of $3.0m. It reported 23 employees.