Allen Hearth Inc

Analysis

Allen Hearth Inc is a registered charity in United States, based in Cayce, SC. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Allen Hearth Inc reported income of $115k and spending of $150k, spending 131% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $94k to $115k (+22%), an average of +5.2% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 136% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Allen Hearth Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 46th percentile within SC. Charities of a similar size with the same main cause include Welcome Home Collaborative ($115k), Turnaround Inc ($115k) and Dni 5 Inc ($115k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 60% and program service revenue 40% of the total. Other salaries and wages came to $23k. At year end it held assets of $938k against liabilities of $1.5m, net assets of -$560k.

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.