Tranquil Hearts Inc

Analysis

Tranquil Hearts Inc is a registered charity in United States, based in Sterling, VA. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Tranquil Hearts Inc reported income of $1.4m and spending of $1.3m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $269k to $1.4m (+407%), an average of +50% a year. The sharpest change came in the year to December 2021, when income rose by 157%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tranquil Hearts Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within VA. Charities of a similar size with the same main cause include Helping Hands for Single Moms ($1.4m), Ctae Resource Network Inc ($1.4m) and Sugar Plum Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $875k. At year end it held assets of $158k against liabilities of $0, net assets of $158k.