Caring Hearts of America

Analysis

Caring Hearts of America is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in March 2012, 14 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, Caring Hearts of America reported income of $395k and spending of $353k, spending 89% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $206k to $395k (+92%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Caring Hearts of America sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include Voice of Refugees ($395k), Ashtabula County Council on Aging ($395k) and Showers of Blessing Santa Barbara ($395k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $76k. At year end it held assets of $42k against liabilities of $0, net assets of $42k.