Carmela S Heart Foundation Inc

Analysis

Carmela S Heart Foundation Inc is a registered charity in United States, based in Weston, FL. It received its IRS tax-exemption ruling in August 2021, 5 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, Carmela S Heart Foundation Inc reported income of $62k and spending of $60k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $53k to $62k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carmela S Heart Foundation Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 28th percentile within FL. Charities of a similar size with the same main cause include Hillside Payee Services Inc ($62k), 100 Club of Brazoria County ($62k) and PTA Delaware Congress ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $9,714 against liabilities of $2,083, net assets of $7,631.