Kits to Heart Foundation

Analysis

Kits to Heart Foundation is a registered charity in United States, based in Clarksville, MD. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Kits to Heart Foundation reported income of $76k and spending of $72k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $120k to $76k (-36%), an average of -36% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kits to Heart Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within MD. Charities of a similar size with the same main cause include Perkasie Rotary Foundation ($76k), Opp City Schools Foundation ($76k) and Rotary Club of Sedona Red Rocks Endowment Fund Inc ($76k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $15k. At year end it held assets of $62k against liabilities of $0, net assets of $62k.