One Heart Bulgaria Corporation

Analysis

One Heart Bulgaria Corporation is a registered charity in United States, based in Providence, UT. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, One Heart Bulgaria Corporation reported income of $284k and spending of $220k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $188k to $284k (+51%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 139%. Over the whole period it spent 115% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, One Heart Bulgaria Corporation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within UT. Charities of a similar size with the same main cause include Bell County Fair and Exhibition Board Inc ($284k), More ($284k) and Greenwood Promise LLC ($284k).

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 $48k (22% of expenses). Other salaries and wages came to $111k. It paid $185 in professional fundraising fees. At year end it held assets of $113k against liabilities of $0, net assets of $113k.