Community of Caring Hearts Charity

Analysis

Community of Caring Hearts Charity is a registered charity in United States, based in The Colony, TX. It received its IRS tax-exemption ruling in May 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, Community of Caring Hearts Charity reported income of $90k and spending of $1,587, leaving 98% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $90k to $90k (-0.4%), an average of -0.4% a year. Over the whole period it spent 2.9% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community of Caring Hearts Charity sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within TX. Charities of a similar size with the same main cause include Bluhm County Park Endowment Fund ($90k), Western Welcome Week Inc ($90k) and Lions of New Britain Charities Inc ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 107% of the total. At year end it held assets of $53k against liabilities of $0, net assets of $53k.