Hearts Full of Love

Analysis

Hearts Full of Love is a registered charity in United States, based in Weatherford, TX. 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 Full of Love reported income of $692k and spending of $461k, leaving 33% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $425k to $692k (+63%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 69% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hearts Full of Love sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Faith Without Works Inc ($692k), WM Emergency Support Fund Inc ($692k) and Finseca Foundation ($692k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $119k. At year end it held assets of $689k against liabilities of $0, net assets of $689k. It reported 3 employees.