Healing Hearts Vietnam Inc

Analysis

Healing Hearts Vietnam Inc is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in January 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, Healing Hearts Vietnam Inc reported income of $61k and spending of $20k, leaving 68% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $68k to $61k (-9.4%), an average of -9.4% a year. Over the whole period it spent 30% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Healing Hearts Vietnam Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 23rd percentile within VA. Charities of a similar size with the same main cause include Westminster Infant Care Center ($61k), The Dream Catcher Foundation Inc ($61k) and Society of Saint Vincent de Paul Assumption BVM Conference ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $302k against liabilities of $0, net assets of $302k.