Heart of the Community Foundation Inc

Analysis

Heart of the Community Foundation Inc is a registered charity in United States, based in Rome, GA. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Heart of the Community Foundation Inc reported income of $155k and spending of $155k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $177k to $155k (-12%), an average of -3.2% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heart of the Community Foundation Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 51st percentile within GA. Charities of a similar size with the same main cause include Gendersphere ($155k), The Wild Fund Inc ($155k) and Afa Agency-All for All Agency ($155k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $625k against liabilities of $300, net assets of $625k.