Heartly House Inc

Analysis

Heartly House Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in September 1982, 44 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Heartly House Inc reported income of $4.1m and spending of $4.3m, spending 105% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.7m to $4.1m (+51%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 46%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heartly House Inc 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 91st percentile, and in the 90th percentile within MD. Charities of a similar size with the same main cause include Bon Secours Community Works Inc ($4.1m), Avenues Navigating the Spectrum of Relationships Rights & Responsibil ($4.1m) and Asbury Towers Retirement Community Inc ($4.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $105k (2.4% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $2.7m against liabilities of $515k, net assets of $2.1m. It reported 74 employees.