Young Hearts Inc
- Assets
- $43.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fairfax, VA
- Founding
- 10/2008
- Data as of
- 10/2022
- EIN
- 26-1269970
Organization Overview
Young Hearts Inc is located in Fairfax, VA. The organization was established in 2008. According to its NTEE Classification (G12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Hearts Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 10/2022, Young Hearts Inc generated $80.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $72.4k during the year ending 10/2022. While expenses have increased by 11.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Mclaughlin President | 24 | $0 | |
Mary Angelo Vice President | 2 | $0 | |
Lucy Beck Director | 4 | $0 | |
Michael Mclaughlin Secretary-Treasurer | 2 | $0 | |
Mary Lee Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $105,781 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$25,286 |
| Other Revenue | $0 |
| Total Revenue | $80,495 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,210 |
| Total expenses | $72,440 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $42,964 |
| Other assets | $0 |
| Total assets | $42,964 |
| Total liabilities | $0 |
| Net assets or fund balances | $42,964 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Young Hearts Inc has recieved totaling $78.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $78 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Townebank Foundation Suffolk, VA | $12,218,911 | $5,948,178 |
Investigative Research Center Inc Arlington, VA | $96,743 | $0 |
Mesothelioma Applied Research Foundation Inc Washington, DC | $9,384,474 | $3,031,525 |
Cool Kids Campaign Foundation Inc Towson, MD | $935,182 | $1,348,951 |
24 Foundation Inc Charlotte, NC | $1,081,885 | $1,362,203 |
Lung Cancer Initiative Raleigh, NC | $1,367,824 | $941,380 |
Shallow Ford Foundation Inc Clemmons, NC | $16,710,912 | $2,245,323 |
Parkinson Foundation Of The National Capital Area Olney, MD | $3,654,969 | $1,520,537 |
Health First Americas Charities Chantilly, VA | $289,925 | $622,332 |
Glut1 Deficiency Foundation Inc Owingsville, KY | $447,949 | $776,976 |
Kendyl And Friends Foundation Inc Burgin, KY | $229,614 | $576,619 |
Cure Lbsl Arlington, VA | $444,924 | $599,293 |