Hearts of Hope International Inc

Analysis

Hearts of Hope International Inc is a registered charity in United States, based in Plymouth, MI. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Hearts of Hope International Inc reported income of $66k and spending of $35k, leaving 47% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $38k to $66k (+75%), an average of +75% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 129% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hearts of Hope International Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within MI. Charities of a similar size with the same main cause include Carry the Future ($66k), Love 2 Yeu ($66k) and Child Health Foundation ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 28% of the total. At year end it held assets of $158k against liabilities of $0, net assets of $158k.