Take Heart Incorporated

Analysis

Take Heart Incorporated is a registered charity in United States, based in Old Bethpage, NY. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Take Heart Incorporated reported income of $2.4m and spending of $1.6m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $864k to $2.4m (+172%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 76% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Take Heart Incorporated sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include American Friends of Bnei Brak Hospital ($2.4m), Haiti Outreach Ministries ($2.4m) and Lift Up the Vulnerable Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $80k (5.1% of expenses). Other salaries and wages came to $14k. At year end it held assets of $2.1m against liabilities of $18k, net assets of $2.0m. It reported 2 employees.