Open Hearth Cleans Inc

Analysis

Open Hearth Cleans Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in June 2020, 6 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, Open Hearth Cleans Inc reported income of $584k and spending of $481k, spending 82% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $14k to $584k (+4203%), an average of +250% a year. The sharpest change came in the year to December 2022, when income rose by 442%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Open Hearth Cleans Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within CT. Charities of a similar size with the same main cause include Helping Hands International Inc ($584k), Young Womens Christian Association of Alexandria Louisiana Inc ($584k) and Hermitage Capital & Reserve Corporation ($584k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.9% of the total. Other salaries and wages came to $335k. At year end it held assets of $272k against liabilities of $99k, net assets of $173k. It reported 60 employees.