Heatsync Labs

Analysis

Heatsync Labs is a registered charity in United States, based in Mesa, AZ. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Heatsync Labs reported income of $57k and spending of $69k, spending 122% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $59k to $57k (-4.5%), an average of -4.5% a year. Over the whole period it spent 122% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Heatsync Labs sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within AZ. Charities of a similar size with the same main cause include Friends of the Historic Columbiariver Highway ($57k), Armonia Music Group Inc ($57k) and Willow Glen Performing Arts Boosters ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.