Hearth Foundation Inc

Analysis

Hearth Foundation Inc is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in April 1989, 37 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Hearth Foundation Inc reported income of $58k and spending of $116k, spending 200% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $309k to $58k (-81%), an average of -34% a year. The sharpest change came in the year to June 2020, when income dropped by 77%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hearth Foundation Inc sits at the 13th percentile: it is larger than about 13% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 20th percentile within AZ. Charities of a similar size with the same main cause include Myrtle Davis Senior Complex Corporation ($58k), Hope Renewed Realty Corporation ($58k) and Rebuilding Together with Christmas in April Inc ($58k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $14k (12% of expenses). Other salaries and wages came to $23k. At year end it held assets of $953k against liabilities of $738k, net assets of $214k. It reported 1 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.