Caring Hearts of West Central Iowa

Analysis

Caring Hearts of West Central Iowa is a registered charity in United States, based in Carroll, IA. It received its IRS tax-exemption ruling in April 2024, 2 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Caring Hearts of West Central Iowa reported income of $3.2m and spending of $3.3m, spending 103% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $438k to $3.2m (+622%), an average of +169% a year. The sharpest change came in the year to June 2022, when income rose by 441%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Caring Hearts of West Central Iowa sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within IA. Charities of a similar size with the same main cause include The Knights & Orchids Society Inc ($3.2m), Step by Step Inc ($3.2m) and Harney County Senior and Community Services Center ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $119k (3.6% of expenses). Other salaries and wages came to $973k. At year end it held assets of $67k against liabilities of $47k, net assets of $20k. It reported 43 employees.