Touch Heart Center for Development Inc

Analysis

Touch Heart Center for Development Inc is a registered charity in United States, based in Stafford, VA. It received its IRS tax-exemption ruling in October 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Touch Heart Center for Development Inc reported income of $264k and spending of $316k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $232k to $264k (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Touch Heart Center for Development Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within VA. Charities of a similar size with the same main cause include Eagle County Charter Academy Education Foundation ($264k), Childrens Christian Academy ($264k) and Talentos Universidad Metropolitana Donation Fund Inc ($264k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $57k (18% of expenses). Other salaries and wages came to $75k. At year end it held assets of $99k against liabilities of $50k, net assets of $48k. It reported 7 employees.