Hearts of Hope Ukraine

Analysis

Hearts of Hope Ukraine is a registered charity in United States, based in Gorham, ME. It received its IRS tax-exemption ruling in October 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 June 2024, Hearts of Hope Ukraine reported income of $141k and spending of $168k, spending 119% of what it took in. Across the 4 years on record, from June 2021 to June 2024, income grew from $105k to $141k (+34%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 88%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hearts of Hope Ukraine sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 39th percentile within ME. Charities of a similar size with the same main cause include Titusville Senior Housing Corporation ($141k), St Catherine Manor Inc ($141k) and Laurel Creek Inc ($141k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $39k against liabilities of $0, net assets of $39k.