Young Hearts Inc

Analysis

Young Hearts Inc is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in October 2008, 18 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 October 2023, Young Hearts Inc reported income of $93k and spending of $53k, leaving 42% of income unspent that year. Across the 2 years on record, from October 2022 to October 2023, income grew from $80k to $93k (+15%), an average of +15% a year. The sharpest change came in the year to October 2023, when income rose by 15%. Over the whole period it spent 73% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Young Hearts Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within VA. Charities of a similar size with the same main cause include Lyme Warrior Inc ($93k), Greater Sarasota Sertoma Foundation Inc ($93k) and Foundation for Narrative Inquiry in Bioethics ($93k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 114% of the total. At year end it held assets of $82k against liabilities of $0, net assets of $82k.