Hearts to Nourish Hope Inc

Analysis

Hearts to Nourish Hope Inc is a registered charity in United States, based in Riverdale, GA. It received its IRS tax-exemption ruling in September 1995, 31 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 to Nourish Hope Inc reported income of $3.2m and spending of $3.3m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $3.2m (+88%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 292%. 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, Hearts to Nourish Hope Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within GA. Charities of a similar size with the same main cause include Northeast Ohio Adoption Services ($3.2m), The Arc of Indian River County Inc ($3.2m) and Bethesda Union Society of Savannah ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $639k. At year end it held assets of $2.5m against liabilities of $2.1m, net assets of $444k. It reported 68 employees.