Hear Center

Analysis

Hear Center is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in November 1957, 69 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hear Center reported income of $822k and spending of $868k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $784k to $822k (+4.8%), an average of +1.2% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hear Center sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Acs Regional Committees on Trauma ($821k), Society for Evidence-Based Gender Medicine Corp ($822k) and Love Inc of the Heart of Florida ($821k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $100k (12% of expenses). Other salaries and wages came to $296k. At year end it held assets of $1.9m against liabilities of $840k, net assets of $1.1m. It reported 11 employees.