Heart and Soul

Analysis

Heart and Soul is a registered charity in United States, based in Burlingame, CA. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover mental health and crisis intervention, 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 June 2023, Heart and Soul reported income of $1.7m and spending of $1.5m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.8m to $1.7m (-4.3%), an average of -1.1% a year. The sharpest change came in the year to June 2021, when income dropped by 23%. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Heart and Soul sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Parma Hospital Health Care Foundation ($1.7m), Hospice Savannah Foundation Inc ($1.7m) and Kenyarelief Org ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.8% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $801k (55% of expenses). At year end it held assets of $1.5m against liabilities of $31k, net assets of $1.5m. It reported 16 employees.