Tabithas Heart

Analysis

Tabithas Heart is a registered charity in United States, based in Cold Spring, MN. It received its IRS tax-exemption ruling in April 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 May 2023, Tabithas Heart reported income of $365k and spending of $413k, spending 113% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $322k to $365k (+13%), an average of +3.2% a year. The sharpest change came in the year to May 2021, when income rose by 46%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tabithas Heart sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within MN. Charities of a similar size with the same main cause include Tewksbury Youth Skating Association ($365k), Helping Hand Mission ($365k) and Sunstate Equipment Foundation ($365k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $50k (12% of expenses). Other salaries and wages came to $9,473. At year end it held assets of $111k against liabilities of $1,089, net assets of $110k. It reported 2 employees.