Happy Hearts Kindergarten

Analysis

Happy Hearts Kindergarten is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Happy Hearts Kindergarten reported income of $607k and spending of $359k, leaving 41% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $230k to $607k (+163%), an average of +27% a year. The sharpest change came in the year to June 2023, when income rose by 61%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Happy Hearts Kindergarten sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Winona Area Public Schools Foundation Inc ($607k), Tenant Education Network ($607k) and Waukee Parent-Teacher Organization ($607k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $50k (14% of expenses). Other salaries and wages came to $221k. At year end it held assets of $426k against liabilities of $33k, net assets of $393k. It reported 23 employees.