Heartbeat Serving Wounded Warriors

Analysis

Heartbeat Serving Wounded Warriors is a registered charity in United States, based in Langley, WA. It received its IRS tax-exemption ruling in June 2009, 17 years ago. 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 December 2023, Heartbeat Serving Wounded Warriors reported income of $297k and spending of $304k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $382k to $297k (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2020, when income dropped by 21%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Heartbeat Serving Wounded Warriors sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within WA. Charities of a similar size with the same main cause include Prouts Neck Association ($297k), Hilton Head Island Swim Team ($297k) and Provisions Thrift Store Ministry ($297k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $79k (26% of expenses). Other salaries and wages came to $26k. At year end it held assets of $242k against liabilities of $143, net assets of $242k. It reported 2 employees.