Hearts of Mercy Foundation Inc

Analysis

Hearts of Mercy Foundation Inc is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 of Mercy Foundation Inc reported income of $170k and spending of $177k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $50k to $170k (+242%), an average of +242% a year. The sharpest change came in the year to December 2023, when income rose by 242%. Over the whole period it spent 119% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hearts of Mercy Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Torah Ohr of Cleveland Heights Inc ($170k), United Christian Ashrams ($170k) and Chris Miller Ministries Inc ($170k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 66% of the total. At year end it held assets of $6,386 against liabilities of $0, net assets of $6,386.