Heart of Ellsworth

Analysis

Heart of Ellsworth is a registered charity in United States, based in Ellsworth, ME. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Heart of Ellsworth reported income of $188k and spending of $153k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $192k to $188k (-1.9%), an average of -1.9% a year. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Heart of Ellsworth sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 45th percentile within ME. Charities of a similar size with the same main cause include Escambia County Human Relations Commission ($188k), Ohio Lions Foundation ($188k) and Crossdogs Rescue Ministry Inc ($188k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. At year end it held assets of $130k against liabilities of $75k, net assets of $55k.