Hearth Connection

Analysis

Hearth Connection is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in August 1999, 27 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, Hearth Connection reported income of $12.8m and spending of $12.8m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $13.8m to $12.8m (-6.9%), an average of -1.8% a year. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hearth Connection sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MN. Charities of a similar size with the same main cause include Broadway Towers Inc ($12.8m), Friendship Shelter Inc ($12.8m) and Farmworker Housing Development Corporation ($12.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $254k (2.0% of expenses). Other salaries and wages came to $950k. At year end it held assets of $1.3m against liabilities of $403k, net assets of $848k. It reported 19 employees.