Heartbeat of Lima

Analysis

Heartbeat of Lima is a registered charity in United States, based in Lima, OH. It received its IRS tax-exemption ruling in October 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Lima reported income of $405k and spending of $126k, leaving 69% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $167k to $405k (+143%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 152%. Over the whole period it spent 51% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heartbeat of Lima sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within OH. Charities of a similar size with the same main cause include Tuckers Day Care Center ($405k), Quakerdale Family Services ($405k) and Raleighs Place ($405k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $35k (28% of expenses). Other salaries and wages came to $45k. At year end it held assets of $808k against liabilities of $0, net assets of $808k. It reported 8 employees.