Hearts 4 Progress Inc

Analysis

Hearts 4 Progress Inc is a registered charity in United States, based in Chesapeake, VA. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Hearts 4 Progress Inc reported income of $70k and spending of $53k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $58k to $70k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hearts 4 Progress Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 26th percentile within VA. Charities of a similar size with the same main cause include Women of Pearls Community Action Foundation ($70k), Stillwater Elementary Ptsa 2-16 ($70k) and South Western Oregon Repeater Association ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 60% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.