Charlies Heart Foundation

Analysis

Charlies Heart Foundation is a registered charity in United States, based in Matthews, NC. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Charlies Heart Foundation reported income of $279k and spending of $320k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $197k to $279k (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2020, when income rose by 161%. Over the whole period it spent 67% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Charlies Heart Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within NC. Charities of a similar size with the same main cause include Live for Evan ($279k), The Community Service Foundation ($279k) and Jyothi Corp ($278k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 108% of the total. At year end it held assets of $655k against liabilities of $0, net assets of $655k.