We Heart Lives Inc

Analysis

We Heart Lives Inc is a registered charity in United States, based in Smithfield, RI. It received its IRS tax-exemption ruling in June 2019, 7 years ago. 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, We Heart Lives Inc reported income of $190k and spending of $210k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $137k to $190k (+39%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, We Heart Lives Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 49th percentile within RI. Charities of a similar size with the same main cause include Amc Housing Inc ($190k), Assumption Village ($190k) and Hearts of Gold Police Family Outreach Foundation ($190k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $52k against liabilities of $0, net assets of $52k.