Heart Failure Society of America Inc

Analysis

Heart Failure Society of America Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in March 1997, 29 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Heart Failure Society of America Inc reported income of $7.3m and spending of $6.5m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.8m to $7.3m (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Heart Failure Society of America Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include Intermountain Planned Parenthood Inc ($7.3m), Vision Share Inc ($7.3m) and The Council on Recovery ($7.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.4% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $1.0m (16% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $9.5m against liabilities of $1.1m, net assets of $8.3m. It reported 21 employees.