Hearts of Empowerment Inc

Analysis

Hearts of Empowerment Inc is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in August 2019, 7 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 of Empowerment Inc reported income of $192k and spending of $229k, spending 119% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $224k to $192k (-14%), an average of -14% a year. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hearts of Empowerment Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within VA. Charities of a similar size with the same main cause include Pregnancy Help Center ($192k), Birthday Blessings ($192k) and Nancys Hope ($192k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $36k (16% of expenses). At year end it held assets of $67k against liabilities of $0, net assets of $67k. It reported 1 employees.