Mended Hearts Stable

Analysis

Mended Hearts Stable is a registered charity in United States, based in Metamora, IL. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Mended Hearts Stable reported income of $654k and spending of $623k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $208k to $654k (+214%), an average of +33% a year. The sharpest change came in the year to December 2021, when income rose by 75%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mended Hearts Stable sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include Anekant Community Center ($654k), Tuckers House ($654k) and Hartt Inc ($654k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.9% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $81k (13% of expenses). Other salaries and wages came to $36k. At year end it held assets of $374k against liabilities of $176k, net assets of $198k. It reported 11 employees.