Hearthside Inc

Analysis

Hearthside Inc is a registered charity in United States, based in Lebanon, TN. It received its IRS tax-exemption ruling in November 1987, 39 years ago. 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, Hearthside Inc reported income of $2.0m and spending of $1.9m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.0m (+6.0%), an average of +1.5% a year. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hearthside Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within TN. Charities of a similar size with the same main cause include Center for Community Advocacy ($2.0m), United Way of Monmouth and Ocean Counties Inc ($2.0m) and Mayslake East Wing ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $175k (9.2% of expenses). Other salaries and wages came to $620k. At year end it held assets of $9.3m against liabilities of $3.7m, net assets of $5.6m. It reported 33 employees.