Heartford House Inc

Analysis

Heartford House Inc is a registered charity in United States, based in Lafayette, IN. It received its IRS tax-exemption ruling in April 2011, 15 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, Heartford House Inc reported income of $499k and spending of $500k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $346k to $499k (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heartford House Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IN. Charities of a similar size with the same main cause include North American Intercollegiate Dairy Challenge Inc ($499k), Charting Careers Inc ($499k) and Uniting Communities Qalicb ($499k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $77k (15% of expenses). Other salaries and wages came to $180k. At year end it held assets of $282k against liabilities of $8,281, net assets of $274k. It reported 9 employees.