Hearne House Inc

Analysis

Hearne House Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Hearne House Inc reported income of $394k and spending of $296k, leaving 25% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $241k to $394k (+63%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hearne House Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within OH. Charities of a similar size with the same main cause include Volunteers of America Inc ($393k), Good Samaritan Village Inc ($394k) and Sunrise Mission Inc ($393k).

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 (26% of expenses). Other salaries and wages came to $46k. At year end it held assets of $163k against liabilities of $40k, net assets of $124k. It reported 8 employees.