Hearts for Hearing Foundation

Analysis

Hearts for Hearing Foundation is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in September 2004, 22 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 2024, Hearts for Hearing Foundation reported income of $16.8m and spending of $16.3m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $10.2m to $16.8m (+65%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 70%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hearts for Hearing Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within OK. Charities of a similar size with the same main cause include LJD Jewish Family & Community Services Inc ($16.8m), Highland School Inc ($16.9m) and Society of St Vincent Depaul Particular Council of Cinti ($16.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 45% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $427k (2.6% of expenses). Other salaries and wages came to $8.9m. At year end it held assets of $26.1m against liabilities of $1.6m, net assets of $24.6m. It reported 178 employees.