Hearts Afire Foundation

Analysis

Hearts Afire Foundation is a registered charity in United States, based in Merced, CA. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Hearts Afire Foundation reported income of $95k and spending of $80k, spending 84% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $122k to $95k (-21%), an average of -7.7% a year. The sharpest change came in the year to December 2022, when income dropped by 20%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hearts Afire Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within CA. Charities of a similar size with the same main cause include Beyond Barriers Athletic Foundation ($95k), United States Bowling Congress Inc ($96k) and CT Hurricanes ($95k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $610k against liabilities of $0, net assets of $610k.