Heart of the City

Analysis

Heart of the City is a registered charity in United States, based in Lewisville, TX. It received its IRS tax-exemption ruling in January 2020, 6 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, Heart of the City reported income of $4.4m and spending of $4.1m, spending 93% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.0m to $4.4m (+339%), an average of +64% a year. The sharpest change came in the year to December 2022, when income rose by 148%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heart of the City sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Far Away Projects ($4.4m), Franklin County Children & Family Community Resource Board Associati ($4.4m) and Young Mens Christian Association ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $267k. At year end it held assets of $772k against liabilities of $2,718, net assets of $770k. It reported 12 employees.