Hearts for Russ Inc

Analysis

Hearts for Russ Inc is a registered charity in United States, based in South Salem, NY. It received its IRS tax-exemption ruling in January 2016, 10 years ago. Its declared purposes cover medical research, 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 December 2023, Hearts for Russ Inc reported income of $60k and spending of $60k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $52k to $60k (+14%), an average of +14% a year. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hearts for Russ Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include Sameyou Foundation ($60k), Durham Areacorp Inc ($60k) and Refined Silver Inc ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $53k against liabilities of $30, net assets of $53k.