Raising Harts Corporation

Analysis

Raising Harts Corporation is a registered charity in United States, based in Cohasset, MA. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Raising Harts Corporation reported income of $173k and spending of $143k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $46k to $173k (+272%), an average of +272% a year. The sharpest change came in the year to December 2023, when income rose by 272%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Raising Harts Corporation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 55th percentile within MA. Charities of a similar size with the same main cause include First Gethsemane Center for Family Development Inc ($173k), Meadowlark Hearth Living Environment Foundation ($173k) and House of Helping Hands ($173k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.8% of the total. At year end it held assets of $56k against liabilities of $0, net assets of $56k.