Cityheart Corporation

Analysis

Cityheart Corporation is a registered charity in United States, based in Dayton, OH. It received its IRS tax-exemption ruling in September 2015, 11 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, Cityheart Corporation reported income of $287k and spending of $171k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $126k to $287k (+127%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 84%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cityheart Corporation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within OH. Charities of a similar size with the same main cause include St Francis Thrift Store ($287k), Little Sprouts Discovery Center Non-Profit Inc ($287k) and Leaps of Love ($287k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $61k (36% of expenses). Other salaries and wages came to $15k. At year end it held assets of $195k against liabilities of $13k, net assets of $182k. It reported 4 employees.