Hope for Hearts Farm Inc

Analysis

Hope for Hearts Farm Inc is a registered charity in United States, based in Morgantown, IN. It received its IRS tax-exemption ruling in August 2021, 5 years ago. 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, Hope for Hearts Farm Inc reported income of $64k and spending of $65k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $64k (+3.9%), an average of +3.9% a year. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope for Hearts Farm Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 22nd percentile within IN. Charities of a similar size with the same main cause include Penn Wynne Library Assn ($64k), South Dakota Congress of Parents and Teachers ($64k) and Haitian Heritage Museum Corp ($64k).

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 $28k against liabilities of $0, net assets of $28k.