H E a R T S Helping Each Adolescent Reach Their Spark

Analysis

H E a R T S Helping Each Adolescent Reach Their Spark is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in July 2016, 10 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, H E a R T S Helping Each Adolescent Reach Their Spark reported income of $281k and spending of $224k, leaving 20% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $203k to $281k (+38%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 90%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, H E a R T S Helping Each Adolescent Reach Their Spark sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within NC. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($281k), Redwood Psychology Center Inc ($281k) and Dharma Mudranalaya ($281k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $72k (32% of expenses). Other salaries and wages came to $58k. At year end it held assets of $206k against liabilities of $0, net assets of $206k. It reported 2 employees.