Heart Share Wellness Ltd

Analysis

Heart Share Wellness Ltd is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover health care, 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 June 2023, Heart Share Wellness Ltd reported income of $904k and spending of $2.1m, spending 228% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.6m to $904k (-75%), an average of -29% a year. The sharpest change came in the year to June 2022, when income rose by 115%. Over the whole period it spent 111% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Heart Share Wellness Ltd sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Free Clinic of Meridian Inc ($904k), Defeat Diabetes Foundation Inc ($904k) and Addiction Resource Council Inc ($904k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.7% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $14k (0.7% of expenses). Other salaries and wages came to $532k. At year end it held assets of $5.0m against liabilities of $3.3m, net assets of $1.7m. It reported 15 employees.