Hyart Re-Development Corporation

Analysis

Hyart Re-Development Corporation is a registered charity in United States, based in Lovell, WY. It received its IRS tax-exemption ruling in August 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Hyart Re-Development Corporation reported income of $174k and spending of $160k, spending 92% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $122k to $174k (+42%), an average of +9.2% a year. The sharpest change came in the year to June 2022, when income rose by 112%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hyart Re-Development Corporation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 47th percentile within WY. Charities of a similar size with the same main cause include City Care ($174k), Gig Harbor Rotary Foundation ($174k) and Harlenwood Foundation Inc ($174k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 8.5% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $20k (12% of expenses). Other salaries and wages came to $30k. At year end it held assets of $42k against liabilities of $0, net assets of $42k. It reported 14 employees.