The Hearth

Analysis

The Hearth is a registered charity in United States, based in Ashland, OR. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Hearth reported income of $279k and spending of $280k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $211k to $279k (+32%), an average of +9.7% a year. The sharpest change came in the year to December 2021, when income rose by 108%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Hearth sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within OR. Charities of a similar size with the same main cause include Children Voice Inc ($279k), Newbridges Immigrant Resource Center ($279k) and Black Owned and Operated Community Land Trust Inc ($279k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $78k (28% of expenses). Other salaries and wages came to $55k. At year end it held assets of $315k against liabilities of $1,549, net assets of $313k. It reported 4 employees.