Helping Hearts Inc

Analysis

Helping Hearts Inc is a registered charity in United States, based in North Olmsted, OH. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover food, agriculture and nutrition, 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 October 2023, Helping Hearts Inc reported income of $148k and spending of $81k, leaving 45% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income grew from $53k to $148k (+181%), an average of +30% a year. The sharpest change came in the year to October 2020, when income rose by 177%. Over the whole period it spent 34% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Helping Hearts Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within OH. Charities of a similar size with the same main cause include Ochiltree County Senior Citizen Assoc Inc ($148k), Los Osos Cares Inc ($148k) and Winlock-Vader Food Bank ($148k).

At year end it held assets of $953k against liabilities of $0, net assets of $953k.