Heartbeats for Life

Analysis

Heartbeats for Life is a registered charity in United States, based in Newark, OH. It received its IRS tax-exemption ruling in October 1974, 52 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, Heartbeats for Life reported income of $894k and spending of $924k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $467k to $894k (+92%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 88% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Heartbeats for Life sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within OH. Charities of a similar size with the same main cause include Tri-County Independent Living Inc ($893k), Advocacy Center for Children of Galveston County ($894k) and Blessed Builders - Ministry ($892k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. Compensation of current officers, directors and key employees was $56k (6.1% of expenses). Other salaries and wages came to $333k. At year end it held assets of $1.3m against liabilities of $43k, net assets of $1.3m. It reported 28 employees.