Halos and Hearts Foundation

Analysis

Halos and Hearts Foundation is a registered charity in United States, based in Spanish Fork, UT. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Halos and Hearts Foundation reported income of $93k and spending of $46k, leaving 51% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $884k to $93k (-89%), an average of -53% a year. The sharpest change came in the year to December 2021, when income dropped by 91%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Halos and Hearts Foundation sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within UT. Charities of a similar size with the same main cause include Loving Hearts & Caring Hands Inc ($93k), Wilmiingtons Residential Adolescent Achievement Place ($93k) and Champion House Inc ($93k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $121k against liabilities of $0, net assets of $121k.