Stitching Hearts Worldwide

Analysis

Stitching Hearts Worldwide is a registered charity in United States, based in Pleasant GRV, UT. It received its IRS tax-exemption ruling in July 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 (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, Stitching Hearts Worldwide reported income of $530k and spending of $334k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $33k to $530k (+1492%), an average of +100% a year. The sharpest change came in the year to December 2020, when income rose by 798%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Stitching Hearts Worldwide sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within UT. Charities of a similar size with the same main cause include Every Body Athletics ($530k), Womens Wilderness Institute ($530k) and Mateel Community Center ($530k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 8.9% of the total. Other salaries and wages came to $41k. At year end it held assets of $337k against liabilities of $1,483, net assets of $336k.