Heart Care International Inc

Analysis

Heart Care International Inc is a registered charity in United States, based in Riverside, CT. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 December 2023, Heart Care International Inc reported income of $575k and spending of $601k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.3m to $575k (-75%), an average of -30% a year. The sharpest change came in the year to December 2020, when income dropped by 89%. Over the whole period it spent 59% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Heart Care International Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within CT. Charities of a similar size with the same main cause include Friend of the Poor Inc ($575k), Wings of Shelter Intl Inc ($575k) and Common Threads Project ($574k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $133k. At year end it held assets of $4.0m against liabilities of $7,044, net assets of $4.0m. It reported 3 employees.