Helping Hearts Foundation

Analysis

Helping Hearts Foundation is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in August 2012, 14 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, Helping Hearts Foundation reported income of $738k and spending of $760k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $738k (-41%), an average of -12% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Helping Hearts Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Trinity Early Learning Center Inc ($738k), Taller de Jose ($738k) and Sacred Heart Mission for Gladwin County Michigan ($738k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $506k. At year end it held assets of $60k against liabilities of $0, net assets of $60k. It reported 8 employees.