Heart of Africa Inc

Analysis

Heart of Africa Inc is a registered charity in United States, based in Wilmore, KY. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 2022, Heart of Africa Inc reported income of $908k and spending of $1.1m, spending 116% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $669k to $908k (+36%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 101% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Heart of Africa Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within KY. Charities of a similar size with the same main cause include Iris Inc ($908k), Junior Achievement of East Tennessee ($908k) and Radiating Hope Inc ($907k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $83k. At year end it held assets of $104k against liabilities of $66k, net assets of $38k. It reported 2 employees.