Good Hearts Youth and Familyservices Inc

Analysis

Good Hearts Youth and Familyservices Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Good Hearts Youth and Familyservices Inc reported income of $1.8m and spending of $1.8m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $1.8m (-20%), an average of -5.5% a year. The sharpest change came in the year to December 2021, when income dropped by 27%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Good Hearts Youth and Familyservices Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Salem Childrens Home ($1.8m), Youthzone ($1.8m) and Christ Palace International Ministries ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $143k (8.0% of expenses). Other salaries and wages came to $273k. At year end it held assets of $559k against liabilities of $476k, net assets of $82k. It reported 9 employees.