Hearthstone Congregate Housing

Analysis

Hearthstone Congregate Housing is a registered charity in United States, based in York, NE. It received its IRS tax-exemption ruling in July 2000, 26 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Hearthstone Congregate Housing reported income of $227k and spending of $202k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $187k to $227k (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hearthstone Congregate Housing sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within NE. Charities of a similar size with the same main cause include Kingswood Senior Living Community Foundation ($226k), Country Manor Inc ($227k) and Marysville Housing II Inc ($226k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 41% of the total. At year end it held assets of $709k against liabilities of $665k, net assets of $44k.