Heart 2 Heart Music Inc

Analysis

Heart 2 Heart Music Inc is a registered charity in United States, based in Cherryville, NC. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Heart 2 Heart Music Inc reported income of $121k and spending of $98k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $87k to $121k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 80% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Heart 2 Heart Music Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NC. Charities of a similar size with the same main cause include Islamic Center of Lexington Inc ($121k), Congregacion Hermanas Misioneras Del Corazon de Jesus Inc ($121k) and Lifegate Worldwide ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $248k against liabilities of $95k, net assets of $153k.