Hollywood Heart

Analysis

Hollywood Heart is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2022, Hollywood Heart reported income of $52k and spending of $81k, spending 154% of what it took in. Across the 2 years on record, from December 2019 to December 2022, income fell from $481k to $52k (-89%), an average of -89% a year. The sharpest change came in the year to December 2022, when income dropped by 89%. Over the whole period it spent 115% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hollywood Heart sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within CA. Charities of a similar size with the same main cause include Youth Sports of Centennial ($52k), Mayo Touchdown Club Inc ($52k) and NVG Boosters ($52k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $260k against liabilities of $4,560, net assets of $255k.