Hearts United for Good Inc

Analysis

Hearts United for Good Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 United for Good Inc reported income of $197k and spending of $185k, spending 94% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $203k to $197k (-3.2%), an average of -1.1% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hearts United for Good Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NC. Charities of a similar size with the same main cause include Ponte Vedra Beach Rotary Foundation Inc ($197k), Jayne and Fletcher Jackson Foundation Trust ($197k) and Wilson Premier Youth Baseball Inc ($197k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $44k (24% of expenses). It paid $161 in professional fundraising fees. At year end it held assets of $38k against liabilities of $1,312, net assets of $37k. It reported 2 employees.