Hearts of Hope Inc

Analysis

Hearts of Hope Inc is a registered charity in United States, based in Columbia, KY. It received its IRS tax-exemption ruling in June 2007, 19 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, Hearts of Hope Inc reported income of $152k and spending of $141k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $107k to $152k (+41%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 95% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hearts of Hope Inc sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within KY. Charities of a similar size with the same main cause include Passion Mission ($151k), Leadercomm Global Community Leaders ($152k) and Forward Leap Foundation ($151k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $20k against liabilities of $0, net assets of $20k.