Heavenearth Spaces Inc

Analysis

Heavenearth Spaces Inc is a registered charity in United States, based in Whiteland, IN. It received its IRS tax-exemption ruling in May 2022, 4 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 June 2023, Heavenearth Spaces Inc reported income of $72k and spending of $63k, spending 88% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $1.5m to $72k (-95%), an average of -95% a year. The sharpest change came in the year to June 2023, when income dropped by 95%. Over the whole period it spent 4.5% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Heavenearth Spaces Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within IN. Charities of a similar size with the same main cause include Acalanes Area Chapter National Charity League Inc ($71k), Swenson House Historical Society ($72k) and Lja Lake Association ($71k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 39% of the total. At year end it held assets of $1.5m against liabilities of $5,093, net assets of $1.5m.