Hearts Hands and Hope Inc

Analysis

Hearts Hands and Hope Inc is a registered charity in United States, based in Lake Mary, FL. It received its IRS tax-exemption ruling in July 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, Hearts Hands and Hope Inc reported income of $171k and spending of $151k, spending 88% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $469k to $171k (-64%), an average of -29% a year. The sharpest change came in the year to December 2022, when income dropped by 69%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hearts Hands and Hope Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within FL. Charities of a similar size with the same main cause include Leap to Shine ($171k), Operation North Pole Inc ($171k) and Crown Heights Youth Collective Inc ($171k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $85k against liabilities of $49k, net assets of $36k.