Open Hearts

Analysis

Open Hearts is a registered charity in United States, based in Sterling, VA. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Open Hearts reported income of $71k and spending of $16k, leaving 77% of income unspent that year. Across the 5 years on record, from December 2016 to December 2023, income grew from $2,346 to $71k (+2908%), an average of +134% a year. The sharpest change came in the year to December 2023, when income rose by 6958%. Over the whole period it spent 28% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Open Hearts sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 27th percentile within VA. Charities of a similar size with the same main cause include Creative Hands Preschool ($71k), Supporting Together Area Youth Rva ($71k) and Parent Booster USA Inc ($71k).

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 $59k against liabilities of $4,487, net assets of $54k.