Heartland Hope and Homes Inc

Analysis

Heartland Hope and Homes Inc is a registered charity in United States, based in Fort Dodge, IA. It received its IRS tax-exemption ruling in February 2023, 3 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Heartland Hope and Homes Inc reported income of $229k and spending of $340k, spending 148% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $198k to $229k (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2022, when income rose by 70%. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Heartland Hope and Homes Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 58th percentile within IA. Charities of a similar size with the same main cause include Portland Collective Housing Syndicate ($229k), Fairview Housing Inc ($229k) and St Joseph Community Land Trust ($229k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.8% and program service revenue 7.5% of the total. Other salaries and wages came to $220k. At year end it held assets of $397k against liabilities of $58k, net assets of $339k. It reported 12 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.