Hearts and Hammers Twin Cities

Analysis

Hearts and Hammers Twin Cities is a registered charity in United States, based in Roseville, MN. It received its IRS tax-exemption ruling in February 2000, 26 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, Hearts and Hammers Twin Cities reported income of $475k and spending of $365k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $372k to $475k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hearts and Hammers Twin Cities sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MN. Charities of a similar size with the same main cause include Mountain Living Community Inc ($475k), Eagle Rock Boys Home ($475k) and Elders Lodge Corporation ($475k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $130k (36% of expenses). Other salaries and wages came to $71k. At year end it held assets of $464k against liabilities of $40k, net assets of $424k. It reported 5 employees.