Four Hearts Foundation

Analysis

Four Hearts Foundation is a registered charity in United States, based in Portsmouth, RI. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Four Hearts Foundation reported income of $443k and spending of $532k, spending 120% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $281k to $443k (+58%), an average of +58% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 74% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Four Hearts Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within RI. Charities of a similar size with the same main cause include Gators Volleyball Club Inc ($443k), United States Bowling Congress Inc ($443k) and Norcal Womens Lacrosse Officials ($442k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $190k against liabilities of $0, net assets of $190k.