Heartlove Place Inc

Analysis

Heartlove Place Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Heartlove Place Inc reported income of $326k and spending of $755k, spending 231% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $305k to $326k (+7.2%), an average of +1.7% a year. The sharpest change came in the year to December 2022, when income rose by 67%. Over the whole period it spent 153% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heartlove Place Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within WI. Charities of a similar size with the same main cause include Arc Gateway Foundation Inc ($326k), Kindred Matters ($326k) and New Orleans Medical Mission Services Foundation ($326k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $130k (17% of expenses). Other salaries and wages came to $226k. At year end it held assets of $1.7m against liabilities of $113k, net assets of $1.6m. It reported 18 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.