Hearts & Minds Inc

Analysis

Hearts & Minds Inc is a registered charity in United States, based in Valley Center, CA. It received its IRS tax-exemption ruling in August 2022, 4 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, Hearts & Minds Inc reported income of $589k and spending of $569k, spending 97% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $15k to $589k (+3798%), an average of +239% a year. The sharpest change came in the year to December 2021, when income rose by 2454%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hearts & Minds Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include KS Precious Care Learning Center Inc ($589k), Digambar Jain Sangh of Northern California ($589k) and Meade Association for Remarkable Citizens Inc ($588k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $95k (17% of expenses). Other salaries and wages came to $237k. At year end it held assets of $38k against liabilities of $37k, net assets of $1,118. It reported 14 employees.