Hearts of Hope

Analysis

Hearts of Hope is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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 of Hope reported income of $1.2m and spending of $1.3m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $875k to $1.2m (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 100% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Hearts of Hope sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within LA. Charities of a similar size with the same main cause include Washington State Association of County Officials ($1.2m), Casa Project Inc ($1.2m) and John Howard Association ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 9.4% of the total. Compensation of current officers, directors and key employees was $112k (8.9% of expenses). Other salaries and wages came to $590k. At year end it held assets of $1.0m against liabilities of $97k, net assets of $903k. It reported 23 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.