Hearts for Ukraine

Analysis

Hearts for Ukraine is a registered charity in United States, based in Walnut Creek, CA. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Hearts for Ukraine reported income of $729k and spending of $713k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $330k to $729k (+121%), an average of +121% a year. The sharpest change came in the year to December 2023, when income rose by 121%. Over the whole period it spent 90% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hearts for Ukraine sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Beautiful Response ($728k), Especially the Family ($729k) and Council of International Programs USA ($728k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $58k against liabilities of $0, net assets of $58k.