Project Heart Inc

Analysis

Project Heart Inc is a registered charity in United States, based in Grass Valley, CA. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Project Heart Inc reported income of $143k and spending of $308k, spending 215% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $226k to $143k (-37%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 456%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Heart Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include Hope for Homes Program Inc ($143k), People Bridge ($143k) and National Institute for Jewish ($143k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $145k. At year end it held assets of $95k against liabilities of $50k, net assets of $45k. It reported 7 employees.