Caring Hearts Charities Inc

Analysis

Caring Hearts Charities Inc is a registered charity in United States, based in Bartow, FL. It received its IRS tax-exemption ruling in September 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Caring Hearts Charities Inc reported income of $58k and spending of $47k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $44k to $58k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Caring Hearts Charities Inc sits at the 29th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 26th percentile within FL. Charities of a similar size with the same main cause include Sertoma Inc ($58k), Sertoma Inc ($58k) and Akerman Foundation Inc ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $16k against liabilities of $0, net assets of $16k.