Street Hearts Inc

Analysis

Street Hearts Inc is a registered charity in United States, based in Warrenton, VA. It received its IRS tax-exemption ruling in April 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 2022, Street Hearts Inc reported income of $368k and spending of $447k, spending 121% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $440k to $368k (-16%), an average of -5.7% a year. The sharpest change came in the year to December 2022, when income dropped by 33%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Street Hearts Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within VA. Charities of a similar size with the same main cause include Proclaiming Grace Outreach ($368k), Food4kids Backpack Program of North Florida Inc ($369k) and Learning Courage ($368k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $43k (9.7% of expenses). At year end it held assets of $40k against liabilities of $7,263, net assets of $32k. It reported 2 employees.