Bowed Hearts Inc

Analysis

Bowed Hearts Inc is a registered charity in United States, based in Winterset, IA. It received its IRS tax-exemption ruling in March 2023, 3 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, Bowed Hearts Inc reported income of $166k and spending of $156k, spending 94% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $33k to $166k (+398%), an average of +71% a year. The sharpest change came in the year to December 2021, when income rose by 497%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bowed Hearts Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within IA. Charities of a similar size with the same main cause include Attleboro Enterprises Properties Inc ($166k), Rebeccas Homestead Incorporated ($166k) and Mediation and Conflict Resolution Center Inc ($166k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $56k against liabilities of $0, net assets of $56k.