Borrowed Hearts Foundation

Analysis

Borrowed Hearts Foundation is a registered charity in United States, based in Evansville, IN. It received its IRS tax-exemption ruling in February 2017, 9 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, Borrowed Hearts Foundation reported income of $154k and spending of $172k, spending 111% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $230k to $154k (-33%), an average of -18% a year. The sharpest change came in the year to December 2022, when income dropped by 22%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Borrowed Hearts Foundation sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within IN. Charities of a similar size with the same main cause include Human Services Network of Colorado ($154k), Golden Valley Electric Foundation Inc ($154k) and Christian Community Health Care Inc ($154k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $64k (37% of expenses). Other salaries and wages came to $483. It paid $2,773 in professional fundraising fees. At year end it held assets of $611k against liabilities of $27k, net assets of $584k. It reported 3 employees.