Hearts to Homes Furnishings Inc

Analysis

Hearts to Homes Furnishings Inc is a registered charity in United States, based in Scarsdale, NY. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 August 2023, Hearts to Homes Furnishings Inc reported income of $431k and spending of $437k, spending 101% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $209k to $431k (+106%), an average of +27% a year. The sharpest change came in the year to August 2021, when income rose by 55%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hearts to Homes Furnishings Inc 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 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Footbridge Foundation Inc ($431k), Visalia Rotary Community Foundation ($431k) and The Goodell Project ($430k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $29k. At year end it held assets of $331k against liabilities of $94k, net assets of $237k. It reported 1 employees.