Gift From the Heart Foundation Inc

Analysis

Gift From the Heart Foundation Inc is a registered charity in United States, based in Schiller Park, IL. It received its IRS tax-exemption ruling in September 1993, 33 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 June 2024, Gift From the Heart Foundation Inc reported income of $969k and spending of $1.1m, spending 113% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $799k to $969k (+21%), an average of +5.0% a year. The sharpest change came in the year to June 2022, when income rose by 72%. Over the whole period it spent 94% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Gift From the Heart Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include Rancheros Unidos Foundation Inc ($969k), Saviors Tear ($973k) and Light of the World Charities Inc ($968k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $135k (12% of expenses). Other salaries and wages came to $98k. At year end it held assets of $1.6m against liabilities of $34k, net assets of $1.6m. It reported 5 employees.