Compassionate Hearts Alliance Corporation

Analysis

Compassionate Hearts Alliance Corporation is a registered charity in United States, based in Longview, TX. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Compassionate Hearts Alliance Corporation reported income of $92k and spending of $104k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $30k to $92k (+202%), an average of +202% a year. The sharpest change came in the year to December 2023, when income rose by 202%. Over the whole period it spent 123% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Compassionate Hearts Alliance Corporation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within TX. Charities of a similar size with the same main cause include Golden Corridor Chapter-National Charity League ($92k), Shorecrest Boosters ($92k) and Standard Plus Foundation ($92k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $136k against liabilities of $1,800, net assets of $134k.