Common Heart Inc

Analysis

Common Heart Inc is a registered charity in United States, based in Indian Trail, NC. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Common Heart Inc reported income of $1.8m and spending of $1.9m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.8m (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2020, when income rose by 30%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Common Heart Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include New Directions for People with Disabilities Inc ($1.8m), Christ Palace International Ministries ($1.8m) and Southern New Mexico Outreach Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $81k (4.2% of expenses). Other salaries and wages came to $425k. At year end it held assets of $626k against liabilities of $197k, net assets of $429k. It reported 27 employees.