Heartfelt Tidbits Inc

Analysis

Heartfelt Tidbits Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Heartfelt Tidbits Inc reported income of $349k and spending of $559k, spending 160% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $409k to $349k (-15%), an average of -5.1% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Heartfelt Tidbits Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within OH. Charities of a similar size with the same main cause include Girard Area Industrial Development Corporation ($349k), Instituto de Competitividad Y Sostenibilidad Economica de Puerto ($350k) and Tri-Isle Personal Care Inc ($349k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $342k. At year end it held assets of $229k against liabilities of $17k, net assets of $212k. It reported 17 employees.