Discerning Hearts

Analysis

Discerning Hearts is a registered charity in United States, based in Ralston, NE. It received its IRS tax-exemption ruling in July 2012, 14 years ago. 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, Discerning Hearts reported income of $376k and spending of $375k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $230k to $376k (+64%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 150%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Discerning Hearts sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NE. Charities of a similar size with the same main cause include Community Counseling Center Inc ($376k), Victory Home Helping Hand Inc ($377k) and Greater North Penn Area Transportation Management Assn ($376k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $136k (36% of expenses). Other salaries and wages came to $59k. At year end it held assets of $317k against liabilities of $74k, net assets of $243k.