Hearts United Association

Analysis

Hearts United Association is a registered charity in United States, based in Litchfield, IL. It received its IRS tax-exemption ruling in February 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Hearts United Association reported income of $352k and spending of $349k, spending 99% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $328k to $352k (+7.2%), an average of +2.3% a year. The sharpest change came in the year to December 2022, when income rose by 27%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hearts United Association sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within IL. Charities of a similar size with the same main cause include Coffee County Child Care Center Inc ($352k), Italian Welfare League Inc ($352k) and Helping Hands Caring Hearts Inc ($352k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $187k. At year end it held assets of $750k against liabilities of $1,396, net assets of $749k. It reported 12 employees.