Hearts & Hands Scholarship Fund

Analysis

Hearts & Hands Scholarship Fund is a registered charity in United States, based in Townsend, TN. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Hearts & Hands Scholarship Fund reported income of $92k and spending of $44k, leaving 52% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $75k to $92k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hearts & Hands Scholarship Fund sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within TN. Charities of a similar size with the same main cause include Friends of Stockton Inc ($92k), Conway School Association ($92k) and McAllen Rotary Fund ($92k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 60% of the total. At year end it held assets of $363k against liabilities of $0, net assets of $363k.