Friends of Hearts for Honduras Foundation Inc

Analysis

Friends of Hearts for Honduras Foundation Inc is a registered charity in United States, based in Liberty Cor, NJ. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Friends of Hearts for Honduras Foundation Inc reported income of $385k and spending of $103k, leaving 73% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $602k to $385k (-36%), an average of -10% a year. The sharpest change came in the year to December 2022, when income dropped by 32%. Over the whole period it spent 32% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Hearts for Honduras Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 72nd percentile within NJ. Charities of a similar size with the same main cause include Imagine Foundation Inc ($385k), American Modeling Teachers Association ($385k) and The Scholarship Fund of Concord and Carlisle ($385k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% of the total. At year end it held assets of $4.4m against liabilities of $6,000, net assets of $4.4m.