Hearts & Homes for Veterans Inc

Analysis

Hearts & Homes for Veterans Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Hearts & Homes for Veterans Inc reported income of $1.4m and spending of $1.2m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $593k to $1.4m (+142%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hearts & Homes for Veterans 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 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.4m), Kentucky Council on Child Abuse Inc ($1.4m) and Community Development of South Berkshire Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Other salaries and wages came to $85k. At year end it held assets of $1.4m against liabilities of $45k, net assets of $1.4m. It reported 8 employees.