Hearthstone Group

Analysis

Hearthstone Group is a registered charity in United States, based in Oro Valley, AZ. It received its IRS tax-exemption ruling in August 1996, 30 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 December 2023, Hearthstone Group reported income of $136k and spending of $203k, spending 150% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.1m to $136k (-88%), an average of -88% a year. The sharpest change came in the year to December 2023, when income dropped by 88%. Over the whole period it spent 73% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hearthstone Group sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 42nd percentile within AZ. Charities of a similar size with the same main cause include Jacobs Place Homeless Mission ($136k), Somerset Lutheran Housing Community Inc ($136k) and Westmoreland Apartments Inc ($135k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $28k (14% of expenses). At year end it held assets of $570k against liabilities of $5,046, net assets of $565k. It reported 2 employees.