Heart to Art Inc

Analysis

Heart to Art Inc is a registered charity in United States, based in Darien, CT. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Heart to Art Inc reported income of $153k and spending of $3,678, leaving 98% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $60k to $153k (+152%), an average of +152% a year. The sharpest change came in the year to December 2023, when income rose by 152%. Over the whole period it spent 73% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Heart to Art Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within CT. Charities of a similar size with the same main cause include Ottawa County Community Development Foundation ($152k), Trailblazer Rc&d ($153k) and Acvb Foundation Inc ($152k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $151k against liabilities of $0, net assets of $151k.