Loving Hearts & Caring Hands Inc

Analysis

Loving Hearts & Caring Hands Inc is a registered charity in United States, based in Madisonville, TN. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Loving Hearts & Caring Hands Inc reported income of $93k and spending of $93k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $79k to $93k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Loving Hearts & Caring Hands Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within TN. Charities of a similar size with the same main cause include Champion House Inc ($93k), Halos and Hearts Foundation ($93k) and Brookside Redevelopment Company Inc ($93k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,100 against liabilities of $0, net assets of $2,100.