Heartbeat of Miami Inc

Analysis

Heartbeat of Miami Inc is a registered charity in United States, based in Hialeah, FL. It received its IRS tax-exemption ruling in August 2007, 19 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 (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, Heartbeat of Miami Inc reported income of $1.4m and spending of $1.1m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $841k to $1.4m (+71%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 79% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Heartbeat of Miami Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Permian Basin Regional Council on Alcohol and Drug Abuse ($1.4m), Austin Speech Labs Inc ($1.4m) and Virginia Association of Community Services Boards Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $344k (31% of expenses). Other salaries and wages came to $59k. It paid $65k in professional fundraising fees. At year end it held assets of $1.2m against liabilities of $6,667, net assets of $1.2m. It reported 18 employees.