Purple Hearts Inc

Analysis

Purple Hearts Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Purple Hearts Inc reported income of $354k and spending of $305k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $739k to $354k (-52%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 41%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Purple Hearts Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include American Friends of Likud Inc ($354k), Huntsville Assistance Program ($354k) and Family Peace Center ($354k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $41k (13% of expenses). At year end it held assets of $36k against liabilities of $0, net assets of $36k. It reported 16 employees.