Childrens Heart Fund of Ethiopia

Analysis

Childrens Heart Fund of Ethiopia is a registered charity in United States, based in Ft Washington, MD. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Childrens Heart Fund of Ethiopia reported income of $97k and spending of $14k, leaving 85% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $69k to $97k (+41%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 36% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Childrens Heart Fund of Ethiopia sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 37th percentile within MD. Charities of a similar size with the same main cause include Walano Inc ($97k), Freedom City Ministries Inc ($97k) and Jiti Foundation ($97k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $106k against liabilities of $0, net assets of $106k.