Home Heart

Analysis

Home Heart is a registered charity in United States, based in Eden Prairie, MN. It received its IRS tax-exemption ruling in May 1993, 33 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 October 2023, Home Heart reported income of $84k and spending of $81k, spending 97% of its income. Across the 2 years on record, from October 2022 to October 2023, income grew from $79k to $84k (+6.3%), an average of +6.3% a year. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Home Heart sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 29th percentile within MN. Charities of a similar size with the same main cause include Tribute ($84k), Kehilat Zwehil Inc ($84k) and Bhaskara Prakasha Ashram ($84k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $51k (62% of expenses). At year end it held assets of $2,625 against liabilities of $6,151, net assets of -$3,526. It reported 1 employees.