Charity Search / HEARTS UNITED FOR GOOD INC
Other (Z99) IRS Verified DX Registered 990 on File

HEARTS UNITED FOR GOOD INC

EIN: 46-5287924 · CHARLOTTE, NC 28206-2761 · United States · FY 2024 Data
4 out of 5 70 / 100 Based on 2+ years of filings
Financial strength (30%) 67/100
Reliability (20%) 50/100
Effectiveness (25%) 78/100
Impact (25%) 80/100
Financial data: FY 2024 · Scored 9/13/2026
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CharityAI™ Score
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Mission Statement

Hearts United for Good is committed to addressing and identifying gaps and needs within Mecklenburg County and its often overlooked and marginalized populations. We aim to offer the access and assistance necessary to ensure each and every human we encounter is given the tools and ability to succeed - regardless of educational, historical, financial, and societal barriers. HUG believes that ending stigmas and the perpetuity of failure and oppression through advocacy, understanding, and devotion is the foundation for effecting the greatest impact on the needs of our community. The goal of our organization is to serve our community with dedication, compassion, integrity, and love. Our mission is to not only provide support; but to also focus on creating avenues of prevention and sustainable solutions. Together, we can build stronger communities and ignite hope by removing structural barriers that perpetuate poverty, and by providing guidance for healing the challenges of inter-generational trauma. It’s our mission and commitment to our community to be the conduit that allows those in need to access the available assistance offered through state, county, and city programs. We accomplish this by providing supplies, resources, and direct support ranging from safe & dependable transportation, to employment and resume training, to groceries, clothing, personal care items, tents, tarps, sleeping bags, and so much more. Our targeted programs currently focus on Food Insecurity, Homeless and Housing, Animal Welfare, Veteran Assistance, Senior Care, LGBTQ+ and Trans Advocacy, with several other programs in immediate and constant development. Hearts United for Good envisions creating a new perspective and approach to service; We believe that instead of requiring the people to adapt to the system, our society and social services should have the ability to assess and pivot - and begin enabling the system to adapt to the people.

Financial Overview — FY 2024
$568K
Total Revenue
$496K
Total Expenses
$111K
Net Assets
1
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 93.1%
Fundraising Efficiency 171.7%
Operating Reserve 2.68x
Liability-to-Asset 2.4%
Revenue Diversification 99.8%
Executive Compensation $33K
Compared with Peers
FY 2024
Compared with 1,047 similar organizations (United States, NTEE Z, $100K–$1M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
93.1% 87.7%
P10P90
Above median
Admin expense ratio
Management and general / total expenses · lower is better
6.1% 9.5%
P10P90
Above median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.9% 0.0%
P10P90
Below median
Fundraising efficiency
Fundraising expenses / gross fundraising income · lower is better
171.7% 8.6%
P10P90
Bottom quarter
Operating reserve
Months of expenses covered by net assets · higher is better
2.7 mo 14.0 mo
P10P90
Bottom quarter
Liabilities to assets
Total liabilities / total assets · lower is better
2.4% 0.4%
P10P90
Below median
Revenue concentration
Share of revenue from the largest source · lower is better
99.8% 90.5%
P10P90
Bottom quarter
Revenue growth
Year over year revenue growth
189.1% 7.9%
P10P90
Expense growth
Year over year expense growth
167.5% 6.5%
P10P90
Surplus margin
Surplus as a share of revenue
12.8% 1.5%
P10P90
Impact
1 program
Outcome / Program People Served Cost / Service # Completed Duration
Food, housing and other aid 15,000 $15.00 15,000 Per Day
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $568K $496K $111K 93.1% 1
2023 $197K $185K $37K 87.5% 2
2022 $197K $198K $29K 83.5% 2
2021 $341K $362K N/A — 0
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Organization Details
EIN
46-5287924
State
NC
City
CHARLOTTE
ZIP
28206-2761
Classification
Z99
Category
Other
Rating
4★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
2014
Foundation Code
15
Form 990
On File
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