Five Star Heart Project Corporation

Analysis

Five Star Heart Project Corporation is a registered charity in United States, based in Bethlehem, PA. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Five Star Heart Project Corporation reported income of $69k and spending of $68k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $30k to $69k (+129%), an average of +129% a year. The sharpest change came in the year to December 2023, when income rose by 129%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Five Star Heart Project Corporation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 26th percentile within PA. Charities of a similar size with the same main cause include Saginaw Bay Community Sailing Association ($69k), Seaford Swimming Pool Assoc Inc ($69k) and Friendswood Youth Lacrosse ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. At year end it held assets of $17k against liabilities of $0, net assets of $17k.