Lending Hearts

Analysis

Lending Hearts is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in June 2011, 15 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2024, Lending Hearts reported income of $167k and spending of $165k, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $308k to $167k (-46%), an average of -14% a year. The sharpest change came in the year to June 2021, when income dropped by 20%. Over the whole period it spent 81% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lending Hearts 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 50th percentile, and in the 47th percentile within PA. Charities of a similar size with the same main cause include Tennessee Rheumatology Society ($167k), Seneca Diabetes Foundation ($167k) and Community Speaks Out Inc ($167k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 33% of the total. Compensation of current officers, directors and key employees was $75k (46% of expenses). At year end it held assets of $378k against liabilities of $2,504, net assets of $375k. It reported 2 employees.