Hearthstone Elderly Housing Corporation

Analysis

Hearthstone Elderly Housing Corporation is a registered charity in United States, based in York, NE. It received its IRS tax-exemption ruling in September 1990, 36 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Hearthstone Elderly Housing Corporation reported income of $381k and spending of $244k, leaving 36% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $215k to $381k (+77%), an average of +15% a year. The sharpest change came in the year to September 2023, when income rose by 86%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hearthstone Elderly Housing Corporation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NE. Charities of a similar size with the same main cause include Taylors Care Home Inc ($381k), St Anna Housing Development Fund Company Inc ($381k) and Aldersgate II Inc ($381k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 31% and program service revenue 27% of the total. At year end it held assets of $601k against liabilities of $653k, net assets of -$52k.