Hearts Speak Inc

Analysis

Hearts Speak Inc is a registered charity in United States, based in Poughkeepsie, NY. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 Speak Inc reported income of $143k and spending of $140k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $184k to $143k (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2021, when income rose by 134%. Over the whole period it spent 104% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Hearts Speak Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include Run Around Ranch ($143k), Purrfect Peaches Cat Rescue Inc ($143k) and Friends of Animal Services ($143k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $67k (48% of expenses). At year end it held assets of $50k against liabilities of $3,466, net assets of $46k. It reported 2 employees.