Heart of an Ace

Analysis

Heart of an Ace is a registered charity in United States, based in Melbourne, FL. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Heart of an Ace reported income of $892k and spending of $891k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $372k to $892k (+140%), an average of +140% a year. The sharpest change came in the year to December 2023, when income rose by 140%. Over the whole period it spent 98% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Heart of an Ace sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Impact Ministries with the Michalskis ($891k), Curecervicalcancer ($893k) and Tzedakah V Chesed Inc ($890k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $6,438 in professional fundraising fees. At year end it held assets of $31k against liabilities of $20, net assets of $31k.