Hope for Grateful Hearts Corp

Analysis

Hope for Grateful Hearts Corp is a registered charity in United States, based in Miami, FL. 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 (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, Hope for Grateful Hearts Corp reported income of $314k and spending of $273k, spending 87% of its income. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope for Grateful Hearts Corp sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within FL. Charities of a similar size with the same main cause include Green Tree Charity a NJ Nonprofit Corporation ($314k), Wayfare Labs ($314k) and Hopes Front Door ($314k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $60k (22% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0.