Heart of American Homes Foundation Inc

Analysis

Heart of American Homes Foundation Inc is a registered charity in United States, based in East Meadow, NY. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Heart of American Homes Foundation Inc reported income of $117k and spending of $55k, leaving 53% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $72k to $117k (+62%), an average of +62% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 60% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Heart of American Homes Foundation Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Booker T Community Senior Village ($117k), Macoupin Housing Services ($117k) and Evergreen Apartments Inc ($117k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 26% of the total. At year end it held assets of $217k against liabilities of $0, net assets of $217k.