Hearts Desire

Analysis

Hearts Desire is a registered charity in United States, based in Lovington, NM. It received its IRS tax-exemption ruling in January 2007, 19 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Hearts Desire reported income of $377k and spending of $374k, spending 99% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $257k to $377k (+47%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 38%. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hearts Desire sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within NM. Charities of a similar size with the same main cause include Westminster Room in the Inn ($377k), Gibb Oakridge Village Inc ($377k) and Neighborhood Housing Services of Southeast Wisconsin Inc ($377k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Other salaries and wages came to $192k. At year end it held assets of $671k against liabilities of $43k, net assets of $628k. It reported 17 employees.