Heart of the Family Assistance Inc

Analysis

Heart of the Family Assistance Inc is a registered charity in United States, based in New Braunfels, TX. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Heart of the Family Assistance Inc reported income of $467k and spending of $568k, spending 122% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income grew from $71k to $467k (+556%), an average of +556% a year. The sharpest change came in the year to September 2023, when income rose by 556%. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Heart of the Family Assistance Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include The Outlook at Windhaven Forefront Living ($466k), Delta Care Hope Foundation ($467k) and Sacred Heart Village II Inc ($466k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. Other salaries and wages came to $66k. At year end it held assets of $2.0m against liabilities of $59k, net assets of $1.9m. It reported 3 employees.