Heartspace Kids Inc

Analysis

Heartspace Kids Inc is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in June 2021, 5 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, Heartspace Kids Inc reported income of $348k and spending of $422k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $137k to $348k (+154%), an average of +154% a year. The sharpest change came in the year to December 2023, when income rose by 154%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heartspace Kids Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within CO. Charities of a similar size with the same main cause include Lady Savant Foundation Inc ($348k), Food Equality Initiative Inc ($348k) and Monkey Tail Ranch ($348k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.4% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $88k (21% of expenses). Other salaries and wages came to $239k. At year end it held assets of $22k against liabilities of $0, net assets of $22k. It reported 8 employees.