Heartsent Adoptions Inc

Analysis

Heartsent Adoptions Inc is a registered charity in United States, based in Walnut Creek, CA. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Heartsent Adoptions Inc reported income of $806k and spending of $677k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $806k (-25%), an average of -6.9% a year. The sharpest change came in the year to December 2022, when income dropped by 18%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heartsent Adoptions Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include The Simple Way ($806k), Bright Eyes Quality Child Care Inc ($806k) and The Childrens Center of Western North Carolina ($806k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $75k (11% of expenses). Other salaries and wages came to $327k. At year end it held assets of $462k against liabilities of $222k, net assets of $240k. It reported 20 employees.