Matthew F Sullivan Hands for Hearts Inc

Analysis

Matthew F Sullivan Hands for Hearts Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in September 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 June 2023, Matthew F Sullivan Hands for Hearts Inc reported income of $314k and spending of $101k, leaving 68% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $115k to $314k (+173%), an average of +40% a year. The sharpest change came in the year to June 2023, when income rose by 483%. Over the whole period it spent 77% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Matthew F Sullivan Hands for Hearts Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include Alcoholic Anonymous Central Office of Los Angeles ($314k), Friends of Evergreen Meadow Academy ($314k) and Haven of Hope of Dekalb County Inc ($314k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 110% of the total. At year end it held assets of $216k against liabilities of $0, net assets of $216k.