Mommys Heart Inc

Analysis

Mommys Heart Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Mommys Heart Inc reported income of $120k and spending of $46k, leaving 62% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $78k to $120k (+53%), an average of +53% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 47% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mommys Heart Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Patrick B Roche Memorial Fund Foundation ($120k), Alterman Foundation ($120k) and Aeras Foundation Inc ($120k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% of the total. It paid $15k in professional fundraising fees. At year end it held assets of $109k against liabilities of $0, net assets of $109k.