Hearts and Homes for Youth Inc

Analysis

Hearts and Homes for Youth Inc is a registered charity in United States, based in Burtonsville, MD. It received its IRS tax-exemption ruling in November 1965, 61 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 2023, Hearts and Homes for Youth Inc reported income of $4.8m and spending of $5.1m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.3m to $4.8m (-8.0%), an average of -2.1% a year. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hearts and Homes for Youth Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MD. Charities of a similar size with the same main cause include Respite Care of San Antonio Incorporated ($4.8m), Mustard Seed Ministries of Fort Pierce Inc ($4.8m) and Boston Area Gleaners Inc ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.7% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $253k (5.0% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $5.6m against liabilities of $6.7m, net assets of -$1.1m. It reported 111 employees.