Heart of Adoptions Alliance Inc

Analysis

Heart of Adoptions Alliance Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Heart of Adoptions Alliance Inc reported income of $587k and spending of $533k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $148k to $587k (+296%), an average of +41% a year. The sharpest change came in the year to December 2022, when income rose by 157%. Over the whole period it spent 107% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Heart of Adoptions Alliance Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Nuoy Reconstructive International ($587k), Elevate Global ($588k) and International Indigenous Community Development ($587k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 39% of the total. Other salaries and wages came to $286k. At year end it held assets of $192k against liabilities of $99k, net assets of $93k.