Hopeful Hearts Foundation

Analysis

Hopeful Hearts Foundation is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in September 2002, 24 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 December 2023, Hopeful Hearts Foundation reported income of $422k and spending of $354k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $489k to $422k (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2020, when income dropped by 21%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hopeful Hearts Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within KY. Charities of a similar size with the same main cause include Greenpath International Inc ($422k), Scotts Wish Inc ($422k) and Fort Myer Thrift Shop ($422k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $73k (21% of expenses). At year end it held assets of $1.1m against liabilities of $1,399, net assets of $1.1m. It reported 1 employees.