Hearts at Home Inc

Analysis

Hearts at Home Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Hearts at Home Inc reported income of $111k and spending of $218k, spending 197% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $480k to $111k (-77%), an average of -31% a year. The sharpest change came in the year to June 2020, when income rose by 109%. Over the whole period it spent 113% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hearts at Home Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within KY. Charities of a similar size with the same main cause include Bridgeland Choir Association of Parents ($111k), West Paris Explorers Program ($111k) and Hurricane Hype Center ($111k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $102k (47% of expenses). At year end it held assets of $37k against liabilities of $2,277, net assets of $35k. It reported 2 employees.