The Heart of Ida

Analysis

The Heart of Ida is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in May 2010, 16 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, The Heart of Ida reported income of $393k and spending of $253k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $145k to $393k (+172%), an average of +172% a year. The sharpest change came in the year to December 2023, when income rose by 172%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Heart of Ida sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Family Crisis Shelter of Montgomery County Inc ($393k), Benton Harbor Community Development Corporation ($393k) and Uc Education Center ($393k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Other salaries and wages came to $143k. At year end it held assets of $255k against liabilities of $8,252, net assets of $247k. It reported 5 employees.