Heart for Lebanon Foundation

Analysis

Heart for Lebanon Foundation is a registered charity in United States, based in Black MTN, NC. It received its IRS tax-exemption ruling in April 2008, 18 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, Heart for Lebanon Foundation reported income of $6.7m and spending of $6.3m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.7m to $6.7m (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2020, when income rose by 29%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heart for Lebanon Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Seabury Resources for Aging ($6.7m), Connections ($6.7m) and Specialized Alternatives for Families and Youth of Nevada Inc ($6.7m).

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 $311k. At year end it held assets of $8.2m against liabilities of $503k, net assets of $7.7m. It reported 5 employees.