For Hearts and Souls

Analysis

For Hearts and Souls is a registered charity in United States, based in Ovilla, TX. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, For Hearts and Souls reported income of $91k and spending of $87k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $95k to $91k (-3.9%), an average of -3.9% a year. Over the whole period it spent 126% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, For Hearts and Souls sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 37th percentile within TX. Charities of a similar size with the same main cause include Childrens Trauma Assessment Group ($91k), Janes Room ($91k) and Cancer Connection of Northwest Ohio ($91k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $19k against liabilities of $0, net assets of $19k.