Hope at Heart Foundation

Analysis

Hope at Heart Foundation is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope at Heart Foundation reported income of $64k and spending of $393k, spending 613% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $64k (-94%), an average of -51% a year. The sharpest change came in the year to December 2021, when income rose by 226%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope at Heart Foundation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within TX. Charities of a similar size with the same main cause include St Lukes Development Corporation ($64k), First There Foundation Inc ($64k) and Peru Village Los Angeles Pvla ($64k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% of the total. Compensation of current officers, directors and key employees was $82k (21% of expenses). Other salaries and wages came to $49k. At year end it held assets of $610k against liabilities of $11, net assets of $610k. It reported 4 employees.