Hearthstone Housing Ltd

Analysis

Hearthstone Housing Ltd is a registered charity in United States, based in Rice Lake, WI. It received its IRS tax-exemption ruling in September 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 (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, Hearthstone Housing Ltd reported income of $169k and spending of $185k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $142k to $169k (+19%), an average of +4.5% a year. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hearthstone Housing Ltd sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within WI. Charities of a similar size with the same main cause include Mama Nyumba II ($169k), Edwards Association Senior Housing ($169k) and Community Foundations Inc ($169k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $28k. At year end it held assets of $481k against liabilities of $28k, net assets of $453k.

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.