Special Hearts Farm Inc

Analysis

Special Hearts Farm Inc is a registered charity in United States, based in Gotha, FL. It received its IRS tax-exemption ruling in July 2018, 8 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, Special Hearts Farm Inc reported income of $942k and spending of $613k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $252k to $942k (+273%), an average of +39% a year. The sharpest change came in the year to December 2021, when income rose by 100%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Special Hearts Farm Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Feeding Our Communities Partners ($942k), Serving Others Worldwide ($943k) and Escapees Care Inc ($942k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 60% of the total. Other salaries and wages came to $334k. At year end it held assets of $2.0m against liabilities of $624k, net assets of $1.4m. It reported 33 employees.