Heartwork Foundation

Analysis

Heartwork Foundation is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in October 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, Heartwork Foundation reported income of $97k and spending of $85k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $81k to $97k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heartwork Foundation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within LA. Charities of a similar size with the same main cause include Sickle Cell Reproductive Health Education Directive Inc ($97k), Rockflower Partners Inc ($97k) and St Mary Vacaville Conference ($97k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 7.7% and program service revenue 92% of the total. At year end it held assets of $15k against liabilities of $44k, net assets of -$29k.