Open Your Hearts to the Hungry and Homeless

Analysis

Open Your Hearts to the Hungry and Homeless is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in May 1986, 40 years ago. 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, Open Your Hearts to the Hungry and Homeless reported income of $760k and spending of $783k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $689k to $760k (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Open Your Hearts to the Hungry and Homeless sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MN. Charities of a similar size with the same main cause include Ashreinu Corporation ($760k), Arbor Hill Development Corporation ($760k) and Olympia-Tumwater Foundation ($759k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $110k (14% of expenses). Other salaries and wages came to $76k. At year end it held assets of $652k against liabilities of $10k, net assets of $641k. It reported 3 employees.