Heartwing Center Inc

Analysis

Heartwing Center Inc is a registered charity in United States, based in Turners Falls, MA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 September 2023, Heartwing Center Inc reported income of $662k and spending of $528k, leaving 20% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $325k to $662k (+104%), an average of +19% a year. The sharpest change came in the year to September 2023, when income rose by 67%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Heartwing Center Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include First Presbyterian Child Care Inc ($662k), Prosperity Works ($662k) and LC Danese G Borland Charittrust ($662k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $68k (13% of expenses). Other salaries and wages came to $281k. At year end it held assets of $347k against liabilities of $14k, net assets of $333k. It reported 5 employees.