TFG Heartwood Inc

Analysis

TFG Heartwood Inc is a registered charity in United States, based in Williamsburg, MA. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, TFG Heartwood Inc reported income of $176k and spending of $272k, spending 155% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $274k to $176k (-36%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 56%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, TFG Heartwood Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within MA. Charities of a similar size with the same main cause include Watervliet Public Library ($176k), Association for the Development of the Human Potential ($176k) and Minnesota Association of Alternative Programs ($175k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $113k (42% of expenses). Other salaries and wages came to $36k. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 5 employees.