Hearts & Homes for Youth Foundation Inc

Analysis

Hearts & Homes for Youth Foundation Inc is a registered charity in United States, based in Burtonsville, MD. It received its IRS tax-exemption ruling in April 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Hearts & Homes for Youth Foundation Inc reported income of $686k and spending of $112k, leaving 84% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $137k to $686k (+401%), an average of +50% a year. The sharpest change came in the year to June 2022, when income rose by 505%. Over the whole period it spent 20% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hearts & Homes for Youth Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MD. Charities of a similar size with the same main cause include Painters and Allied Trades for Childrens Hope Foundation ($686k), Emerald Foundation ($687k) and Alpha Delta Kappa Foundation Inc ($686k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 12% of the total. At year end it held assets of $4.7m against liabilities of $781k, net assets of $4.0m.