Hagars Heart

Analysis

Hagars Heart is a registered charity in United States, based in Pantego, TX. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hagars Heart reported income of $152k and spending of $133k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $79k to $152k (+92%), an average of +92% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hagars Heart sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 51st percentile within TX. Charities of a similar size with the same main cause include Forget-Me-Not Baskets Inc ($152k), Howard County Veterans Foundation Inc ($152k) and Yalla Kafala ($152k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 5.0% of the total. At year end it held assets of $65k against liabilities of $257, net assets of $65k.