Hearth Foundation Inc

Analysis

Hearth Foundation Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 1994, 32 years ago. Its declared purposes cover health care, 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, Hearth Foundation Inc reported income of $143k and spending of $165k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $125k to $143k (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 117% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hearth Foundation Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 24th percentile within DC. Charities of a similar size with the same main cause include Winton Club Winton Club Hospital Shop ($143k), Four Winds Professional Guild ($143k) and Angel Wings Network Inc ($143k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $562k against liabilities of $1.2m, net assets of -$665k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.