Courageous Hearts Adoptions Inc

Analysis

Courageous Hearts Adoptions Inc is a registered charity in United States, based in Greenwood, IN. 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, Courageous Hearts Adoptions Inc reported income of $479k and spending of $464k, spending 97% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $267k to $479k (+80%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 74%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Courageous Hearts Adoptions Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IN. Charities of a similar size with the same main cause include Urban League of Greater Columbus Inc ($479k), Mississippi Association of Communit Y Action Agencies Inc ($479k) and Black Impact Community Fund Inc ($479k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.4% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $81k (18% of expenses). Other salaries and wages came to $88k. At year end it held assets of $183k against liabilities of $56k, net assets of $127k. It reported 6 employees.