Take Heart Project

Analysis

Take Heart Project is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 2022, Take Heart Project reported income of $462k and spending of $405k, spending 88% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $289k to $462k (+60%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 90% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Take Heart Project sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Living Water Project ($461k), Community Empowerment NFP ($462k) and Ubuntu Global Connections Inc ($461k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 57% of the total. Other salaries and wages came to $97k. It paid $6,825 in professional fundraising fees. At year end it held assets of $237k against liabilities of $37k, net assets of $201k. It reported 4 employees.