Hearts for Families Inc

Analysis

Hearts for Families Inc is a registered charity in United States, based in Snellville, GA. It received its IRS tax-exemption ruling in June 2000, 26 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 December 2023, Hearts for Families Inc reported income of $982k and spending of $980k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $625k to $982k (+57%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hearts for Families Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within GA. Charities of a similar size with the same main cause include Desoto Council on the Aging Inc ($982k), Westminster Neighborhood Services Inc ($982k) and Council of Senior Tyler Countians Inc ($981k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $68k (7.0% of expenses). Other salaries and wages came to $263k. At year end it held assets of $486k against liabilities of $214k, net assets of $272k. It reported 12 employees.