King of Hearts Foundation

Analysis

King of Hearts Foundation is a registered charity in United States, based in Valley Center, CA. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, King of Hearts Foundation reported income of $161k and spending of $161k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $411k to $161k (-61%), an average of -37% a year. The sharpest change came in the year to December 2022, when income dropped by 73%. Over the whole period it spent 54% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, King of Hearts Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Animal Aid for Vermilion Area Inc ($161k), G R a S P ($161k) and Pardis Shelter ($161k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 32% of the total. At year end it held assets of $190k against liabilities of $0, net assets of $190k.