Heartbeat of Toledo Inc

Analysis

Heartbeat of Toledo Inc is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in November 1974, 52 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 June 2024, Heartbeat of Toledo Inc reported income of $755k and spending of $602k, leaving 20% of income unspent that year. Across the 6 years on record, from May 2020 to June 2024, income grew from $525k to $755k (+44%), an average of +7.5% a year. The sharpest change came in the year to June 2021, when income rose by 912%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heartbeat of Toledo Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within OH. Charities of a similar size with the same main cause include Madisonville Education and Assistance Center Inc ($755k), Waukee Area Christian Services ($755k) and Lost and Found ($755k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 77% of the total. Other salaries and wages came to $342k. At year end it held assets of $1.7m against liabilities of $333k, net assets of $1.3m. It reported 18 employees.