Hart of Folsom

Analysis

Hart of Folsom is a registered charity in United States, based in Folsom, CA. It received its IRS tax-exemption ruling in October 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, Hart of Folsom reported income of $106k and spending of $104k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $153k to $106k (-31%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hart of Folsom sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 41st percentile within CA. Charities of a similar size with the same main cause include Minjin Project ($106k), Glocal Outreach ($106k) and Clearwater County Food Shelf ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $332k against liabilities of $6,077, net assets of $326k.