International Network of Hearts

Analysis

International Network of Hearts is a registered charity in United States, based in Chula Vista, CA. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover human services, 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, International Network of Hearts reported income of $384k and spending of $297k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $344k to $384k (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, International Network of Hearts sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Sandwich Child Care Center Inc ($384k), Heretogether ($384k) and St Paul Outreach ($383k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $72k (24% of expenses). At year end it held assets of $243k against liabilities of $20k, net assets of $223k.