Gathering Hearts for Honduras

Analysis

Gathering Hearts for Honduras is a registered charity in United States, based in Broken Arrow, OK. It received its IRS tax-exemption ruling in February 2009, 17 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 2023, Gathering Hearts for Honduras reported income of $241k and spending of $277k, spending 115% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $328k to $241k (-26%), an average of -5.9% a year. The sharpest change came in the year to December 2020, when income dropped by 26%. Over the whole period it spent 90% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Gathering Hearts for Honduras sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 59th percentile within OK. Charities of a similar size with the same main cause include Worldwide Hearts & Hands Inc ($241k), Hermano Pedro Social Works Foundation ($242k) and American Friends of Haruv-Mehalev Association Ltd ($241k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $37k (13% of expenses). Other salaries and wages came to $111k. At year end it held assets of $513k against liabilities of $7,730, net assets of $506k.