Hearts and Homes for Refugees

Analysis

Hearts and Homes for Refugees is a registered charity in United States, based in Pelham, NY. It received its IRS tax-exemption ruling in March 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, Hearts and Homes for Refugees reported income of $566k and spending of $592k, spending 104% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $67k to $566k (+742%), an average of +103% a year. The sharpest change came in the year to December 2021, when income rose by 615%. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hearts and Homes for Refugees 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 68th percentile within NY. Charities of a similar size with the same main cause include Dream Hunt Foundation Inc ($566k), Leeds Foundation PBC Inc ($566k) and Sharpe Education Inc ($566k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $45k (7.6% of expenses). Other salaries and wages came to $250k. At year end it held assets of $743k against liabilities of $23k, net assets of $720k. It reported 13 employees.