Special Hearts in the Arts

Analysis

Special Hearts in the Arts is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Special Hearts in the Arts reported income of $152k and spending of $115k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $100k to $152k (+52%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Special Hearts in the Arts sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 51st percentile within TX. Charities of a similar size with the same main cause include National Capital Historical Museum of Transportation Inc ($152k), Conejo Guardian ($152k) and Washington Ensemble Theatre ($152k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 7.2% of the total. At year end it held assets of $91k against liabilities of $133, net assets of $91k.