The Mended Hearts Inc

Analysis

The Mended Hearts Inc is a registered charity in United States, based in Leesburg, GA. It received its IRS tax-exemption ruling in August 1986, 40 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 2022, The Mended Hearts Inc reported income of $2.0m and spending of $2.7m, spending 134% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $2.2m to $2.0m (-8.7%), an average of -3.0% a year. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Mended Hearts Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within GA. Charities of a similar size with the same main cause include Whidbey Island Waldorf School ($2.0m), West Metro Fire Rescue District Firefighters Relief Association ($2.0m) and Keystone Initiative for Network Based Education & Research ($2.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. Other salaries and wages came to $504k. At year end it held assets of $1.7m against liabilities of $603k, net assets of $1.1m. It reported 10 employees.