Hearts and Hope Foundation Inc

Analysis

Hearts and Hope Foundation Inc is a registered charity in United States, based in Denver, NC. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Hearts and Hope Foundation Inc reported income of $169k and spending of $139k, spending 82% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $174k to $169k (-2.9%), an average of -1.0% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 57% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hearts and Hope Foundation Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NC. Charities of a similar size with the same main cause include Cops 4 Cancer Inc ($169k), Sugarcreek Township Ambulance Service Inc ($170k) and Beacon Orthopaedic Research & Education Foundation ($169k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% of the total. At year end it held assets of $419k against liabilities of $0, net assets of $419k.