Precious Hearts Development Center Inc

Analysis

Precious Hearts Development Center Inc is a registered charity in United States, based in Muncie, IN. It received its IRS tax-exemption ruling in February 2000, 26 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, Precious Hearts Development Center Inc reported income of $567k and spending of $471k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $301k to $567k (+89%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 54%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Precious Hearts Development Center Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IN. Charities of a similar size with the same main cause include Families Helping Families of Southwest Louisiana ($567k), Mohanji Foundation Inc ($567k) and National Alliance for Hispanic Families ($567k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $279k. At year end it held assets of $746k against liabilities of $9,800, net assets of $737k. It reported 12 employees.