Many Happy Hearts Inc

Analysis

Many Happy Hearts Inc is a registered charity in United States, based in Coral Gables, FL. It received its IRS tax-exemption ruling in June 2010, 16 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Many Happy Hearts Inc reported income of $59k and spending of $31k, leaving 47% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $5,305 to $59k (+1005%), an average of +1004% a year. The sharpest change came in the year to December 2023, when income rose by 1005%. Over the whole period it spent 51% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Many Happy Hearts Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 26th percentile within FL. Charities of a similar size with the same main cause include Eunice Zearing TR Fbo City of Princeton ($59k), Brookville Community Scholarship Foundation ($59k) and Coral Springs Community Chest Inc ($59k).

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 $47k against liabilities of $0, net assets of $47k.