Heart and Armor Foundation

Analysis

Heart and Armor Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Heart and Armor Foundation reported income of $1.1m and spending of $726k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $545k to $1.1m (+110%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 88%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Heart and Armor Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Sexual Assault Support Services of Midcoast Maine ($1.1m), Carmel Housing Development Fund Company Inc ($1.1m) and Family Young Mens Christian Assoc of Charles Cty Ia Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $165k (23% of expenses). At year end it held assets of $664k against liabilities of $0, net assets of $664k. It reported 2 employees.