Happy Hearts

Analysis

Happy Hearts is a registered charity in United States, based in Plattsmouth, NE. It received its IRS tax-exemption ruling in May 1989, 37 years ago. 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, Happy Hearts reported income of $285k and spending of $277k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $457k to $285k (-38%), an average of -11% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Happy Hearts sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within NE. Charities of a similar size with the same main cause include Rich Earth Institute ($285k), Colonial Community Services Inc ($285k) and Laguna Parent Participation Preschool ($285k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $42k (15% of expenses). Other salaries and wages came to $122k. At year end it held assets of $63k against liabilities of $5,004, net assets of $58k. It reported 13 employees.