Club of Hearts Inc

Analysis

Club of Hearts Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in December 1956, 70 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2022, Club of Hearts Inc reported income of $705k and spending of $867k, spending 123% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $896k to $705k (-21%), an average of -7.7% a year. The sharpest change came in the year to December 2020, when income dropped by 21%. Over the whole period it spent 109% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Club of Hearts Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within GA. Charities of a similar size with the same main cause include Friends of Rhode Island Avenue Ne ($705k), Houston Chapter American Concrete Institute ($705k) and American Legion Auxiliary Foundation Inc ($705k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $371k against liabilities of $161k, net assets of $210k.