Hearts Knit Together

Analysis

Hearts Knit Together is a registered charity in United States, based in Lindon, UT. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Knit Together reported income of $342k and spending of $109k, leaving 68% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income fell from $427k to $342k (-20%), an average of -7.1% a year. The sharpest change came in the year to December 2022, when income dropped by 27%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hearts Knit Together sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within UT. Charities of a similar size with the same main cause include Open Table Mdi ($342k), Mother Divine Program-Maharishi Global Country of World Peace Inc ($342k) and Conroe Noon Lions Club Charities Inc ($342k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $796k against liabilities of $1,486, net assets of $795k.