Heartland Institute for Financial Education

Analysis

Heartland Institute for Financial Education is a registered charity in United States, based in Greenwood VLG, CO. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Heartland Institute for Financial Education reported income of $402k and spending of $415k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $402k (-78%), an average of -32% a year. The sharpest change came in the year to December 2020, when income dropped by 45%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heartland Institute for Financial Education sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 64th percentile within CO. Charities of a similar size with the same main cause include Literacy Outreach ($402k), Spicewood Christian Academy ($402k) and Anc Educational Scientific and Cultural Organization ($402k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $76k (18% of expenses). At year end it held assets of $430k against liabilities of $53k, net assets of $377k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.