Precious Hearts Sisterhood Inc

Analysis

Precious Hearts Sisterhood Inc is a registered charity in United States, based in Brooklyn, NY. 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, Precious Hearts Sisterhood Inc reported income of $519k and spending of $361k, leaving 30% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $327k to $519k (+59%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 56%. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Precious Hearts Sisterhood Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Energyunited Foundation Inc ($519k), Cleveland Peacemakers Inc ($519k) and Bbright ($519k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $17k against liabilities of $0, net assets of $17k.