Growing a New Heart Inc

Analysis

Growing a New Heart Inc is a registered charity in United States, based in Northampton, MA. It received its IRS tax-exemption ruling in February 2019, 7 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, Growing a New Heart Inc reported income of $537k and spending of $533k, spending 99% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $473k to $537k (+14%), an average of +14% a year. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Growing a New Heart Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include Quenched ($537k), Churches in Missions Inc ($537k) and Growinggreat ($537k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $321k (60% of expenses). At year end it held assets of $125k against liabilities of $6,565, net assets of $118k. It reported 3 employees.