Heart Disease Research Foundation

Analysis

Heart Disease Research Foundation is a registered charity in United States, based in Manhattan BCH, CA. It received its IRS tax-exemption ruling in August 2021, 5 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending February 2023, Heart Disease Research Foundation reported income of $604k and spending of $271k, leaving 55% of income unspent that year. Across the 6 years on record, from February 2018 to February 2023, income grew from $235k to $604k (+157%), an average of +21% a year. The sharpest change came in the year to February 2021, when income dropped by 165%. Over the whole period it spent 118% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Heart Disease Research Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Fund Recovery ($604k), BNHC at Vicentes Inc ($604k) and Pagny Health and Research Foundation Inc ($604k).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $6.4m against liabilities of $29k, net assets of $6.3m.