Heartwood Refuge

Analysis

Heartwood Refuge is a registered charity in United States, based in Hendersonvlle, NC. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Heartwood Refuge reported income of $370k and spending of $632k, spending 171% of what it took in. Across the 4 years on record, from December 2018 to December 2021, income fell from $480k to $370k (-23%), an average of -8.3% a year. The sharpest change came in the year to December 2020, when income dropped by 21%. Over the whole period it spent 121% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Heartwood Refuge sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within NC. Charities of a similar size with the same main cause include A Commitment to Our Roots Inc ($370k), Iglesia Apostoles Y Profetas Fuente de Vida Ef-220 ($370k) and Team Faith Racing Ministry ($370k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 50% and program service revenue 50% of the total. At year end it held assets of $2.1m against liabilities of $2.2m, net assets of -$66k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.