Open Heart Leaders

Analysis

Open Heart Leaders is a registered charity in United States, based in LA Mesa, CA. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Open Heart Leaders reported income of $200k and spending of $126k, leaving 37% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $135k to $200k (+48%), an average of +48% a year. The sharpest change came in the year to June 2023, when income rose by 48%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Open Heart Leaders sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Perris Community Economic Development Corporation ($200k), Eritrean Community in Seattle and Vicinity ($200k) and Missouri Valley Crisis Center Inc ($200k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. Other salaries and wages came to $11k. At year end it held assets of $132k against liabilities of $57k, net assets of $75k. It reported 2 employees.