Showing Hearts Foundation Inc

Analysis

Showing Hearts Foundation Inc is a registered charity in United States, based in Saint Albans, NY. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Showing Hearts Foundation Inc reported income of $137k and spending of $157k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $262k to $137k (-48%), an average of -15% a year. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Showing Hearts Foundation Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include Broward Moms Incorporated ($137k), South Park Seniors Inc ($137k) and Denison Arts Council ($137k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $47k. At year end it held assets of $24k against liabilities of $41k, net assets of -$17k. It reported 5 employees.