Heartsprings

Analysis

Heartsprings is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in February 2010, 16 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Heartsprings reported income of $65k and spending of $66k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $56k to $65k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Heartsprings sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 17th percentile within ND. Charities of a similar size with the same main cause include Patient Advocacy Fund Inc ($65k), Schleicher County Wellness Foundation Incorporated ($65k) and No Scalpel Vasectomy International Inc ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. At year end it held assets of $26k against liabilities of $5,179, net assets of $21k.