Friends of Hearthstone Inc

Analysis

Friends of Hearthstone Inc is a registered charity in United States, based in Appleton, WI. It received its IRS tax-exemption ruling in July 1987, 39 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2022, Friends of Hearthstone Inc reported income of $211k and spending of $225k, spending 107% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $287k to $211k (-27%), an average of -9.8% a year. The sharpest change came in the year to December 2020, when income dropped by 49%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of Hearthstone Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within WI. Charities of a similar size with the same main cause include Phelps Mansion Museum ($211k), Bristow Historical Society Inc ($211k) and Jagannath Cultural and Educational Center Inc ($211k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 64% and program service revenue 36% of the total. Other salaries and wages came to $95k. At year end it held assets of $1.0m against liabilities of $6,559, net assets of $999k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.