Hearu Corporation

Analysis

Hearu Corporation is a registered charity in United States, based in Scituate, MA. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Hearu Corporation reported income of $99k and spending of $70k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $75k to $99k (+32%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hearu Corporation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 43rd percentile within MA. Charities of a similar size with the same main cause include Kingdom International Economic Development Corp ($99k), Black Knights Band Boosters Inc ($99k) and Committed 2 Community ($99k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $39k against liabilities of $0, net assets of $39k.