Hearts & Hammers

Analysis

Hearts & Hammers is a registered charity in United States, based in Langley, WA. It received its IRS tax-exemption ruling in August 1994, 32 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 & Hammers reported income of $63k and spending of $77k, spending 122% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $40k to $63k (+56%), an average of +56% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 159% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hearts & Hammers sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 19th percentile within WA. Charities of a similar size with the same main cause include Popportunity Inc ($63k), New Brothers Inc ($63k) and Famicare Inc ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $68k against liabilities of $0, net assets of $68k.