3hopeful Hearts

Analysis

3hopeful Hearts is a registered charity in United States, based in Fort Collins, CO. It received its IRS tax-exemption ruling in December 2012, 14 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, 3hopeful Hearts reported income of $420k and spending of $253k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $234k to $420k (+79%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 95%. Over the whole period it spent 57% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, 3hopeful Hearts 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 65th percentile within CO. Charities of a similar size with the same main cause include Responsible Party Services Inc ($420k), New Day Orphanage ($420k) and Polestar Gardens Inc ($420k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $63k (25% of expenses). Other salaries and wages came to $95k. At year end it held assets of $981k against liabilities of $6,270, net assets of $975k. It reported 6 employees.