Compassionate Hearts Network Inc

Analysis

Compassionate Hearts Network Inc is a registered charity in United States, based in Woodville, MA. It received its IRS tax-exemption ruling in February 2014, 12 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, Compassionate Hearts Network Inc reported income of $138k and spending of $156k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $86k to $138k (+61%), an average of +61% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Compassionate Hearts Network Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 50th percentile within MA. Charities of a similar size with the same main cause include Reclaim Life Inc ($138k), West Genesee Apartments Nonprofit Housing Corporation ($138k) and Valley Life Improvement Center ($138k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $43k against liabilities of $0, net assets of $43k.