Caring Heart Outreach Inc

Analysis

Caring Heart Outreach Inc is a registered charity in United States, based in Arab, AL. It received its IRS tax-exemption ruling in March 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, Caring Heart Outreach Inc reported income of $559k and spending of $468k, spending 84% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $377k to $559k (+48%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Caring Heart Outreach Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within AL. Charities of a similar size with the same main cause include Mending the Gap Inc ($559k), Intermountain Therapy Animals ($559k) and VMLC Charities ($559k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% of the total. Compensation of current officers, directors and key employees was $68k (15% of expenses). Other salaries and wages came to $105k. At year end it held assets of $340k against liabilities of $3,180, net assets of $337k. It reported 12 employees.