Public Charity

HEARTS FOUNDATION INC

HEARTS FOUNDATION INC, of BUFFALO, NY, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $3.2M in revenue, $2.8M in expenses, $3.2M in total assets. IRS filings disclose 3 grants awarded by this foundation, totaling roughly $305K.

EIN: 161607748 BUFFALO, NY Single Organization Support NTEE: B11 Latest filing: 2024
Total Revenue$3.2M
Total Expenses$2.8M
Total Assets$3.2M
Grants Given3
Grant Total$305K
Filing Years2020–2024

Mission

THE ORGANIZATION OPERATES HEARTS THRIFT STORES AND EXISTS SOLELY TO SUPPORT THE ACTIVITIES AND PURPOSES OF HEARTS FOR THE HOMELESS OF WESTERN NEW YORK INC., A 501C3 ORGANIZATION WHICH PROVIDES PHYSICAL, EMOTIONAL, AND SPIRITUAL RELIEF TO THE HOMELESS, POOR AND DISTRESSED AND

Where $100 goes at Hearts Foundation Inc

How Hearts Foundation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$84 Programs the work itself
$13 Management running the organization
$3 Fundraising raising the next dollar

Inside the $84 for programs

$42
The organization operates a thrift shop, where net resources are used to support the activities and purposes of hearts for the homeless of western new york, inc., An…
50% of program spending
$42
During the year ended december 31, 2024, the organization recorded $273,051 in support from its related entity, hearts for the homeless of western new york, inc
About 50% (cost not reported)
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

MEMBER David J Norton
MEMBER AND TREASURER Frank Dimaria
MEMBER AND SECRETARY Joseph P Hatch Iii
CEO AND PRESIDENT Nicholas M Calandra
MEMBER Richard R Izzo
MEMBER Summer Handzlik

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$305,000 3 grants

Financial Trends

Year Revenue Expenses Assets
2024 $3.2M $2.8M $3.2M
2023 $2.7M $2.6M $3.9M
2022 $2.4M $2.2M $1.7M
2021 $2.2M $1.8M $1.6M
2020 $1.3M $1.3M $386K

Between 2020 and 2024, reported annual revenue grew from $1.3M to $3.2M (+144%), with total assets most recently reported at $3.2M.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in NY.

NY

Full geographic grant map with state-by-state breakdown available with membership.

See the full picture for HEARTS FOUNDATION INC

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