Heart of Saginaw

Analysis

Heart of Saginaw is a registered charity in United States, based in Saginaw, MI. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Heart of Saginaw reported income of $115k and spending of $67k, leaving 42% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $115k (+95%), an average of +95% a year. The sharpest change came in the year to December 2023, when income rose by 95%. Over the whole period it spent 88% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Heart of Saginaw sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within MI. Charities of a similar size with the same main cause include Guardian Watch Inc ($115k), Eso Terra Foundation ($115k) and Shiner Junior Livestock Show Inc ($115k).

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 $66k against liabilities of $0, net assets of $66k.