Hearthstone Non-Profit Corporation

Analysis

Hearthstone Non-Profit Corporation is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in August 1991, 35 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hearthstone Non-Profit Corporation reported income of $71k and spending of $84k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $71k (+6.1%), an average of +6.1% a year. Over the whole period it spent 129% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hearthstone Non-Profit Corporation sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 27th percentile within MI. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($71k), Penn Apartments Corporation ($71k) and Farrow Manor Inc ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. At year end it held assets of $81k against liabilities of $16k, net assets of $66k.