Heart Chan

Analysis

Heart Chan is a registered charity in United States, based in Milpitas, CA. It received its IRS tax-exemption ruling in November 2012, 14 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Heart Chan reported income of $151k and spending of $1.1m, spending 731% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $274k to $151k (-45%), an average of -14% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 158% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Heart Chan sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 49th percentile within CA. Charities of a similar size with the same main cause include Reaching People Far From God ($151k), Harvest Outreach Ministries Inc ($151k) and Giving Voice ($151k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $1.7m against liabilities of $549, net assets of $1.7m.