Hearcare Connection Inc

Analysis

Hearcare Connection Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in October 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 December 2023, Hearcare Connection Inc reported income of $599k and spending of $749k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $659k to $599k (-9.2%), an average of -2.4% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hearcare Connection Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IN. Charities of a similar size with the same main cause include Refuge Recovery World Services Inc ($599k), Chinese American Medical Society ($599k) and Hill Country Ride for AIDS Inc ($599k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $108k (14% of expenses). Other salaries and wages came to $265k. At year end it held assets of $485k against liabilities of $383k, net assets of $102k. It reported 9 employees.