Hearts and Homes of Arkansas Inc

Analysis

Hearts and Homes of Arkansas Inc is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 and Homes of Arkansas Inc reported income of $1.9m and spending of $1.8m, spending 96% of its income. Across the 3 years on record, from December 2020 to December 2023, income grew from $186k to $1.9m (+915%), an average of +219% a year. The sharpest change came in the year to December 2023, when income rose by 1759%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hearts and Homes of Arkansas Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within AR. Charities of a similar size with the same main cause include Southern Region Volleyball Association ($1.9m), Council Rock United Soccer Association Inc ($1.9m) and Oakland Strokes Incorporated ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $366k against liabilities of $0, net assets of $366k.