Team Heart Incorporated

Analysis

Team Heart Incorporated is a registered charity in United States, based in Milton, MA. It received its IRS tax-exemption ruling in March 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 (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, Team Heart Incorporated reported income of $858k and spending of $746k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $720k to $858k (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2022, when income rose by 153%. Over the whole period it spent 73% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Team Heart Incorporated sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Living Skills in the Schools Inc ($858k), Yorktown Volunteer Ambulance Corp Inc ($858k) and Old Erie Emergency Services Inc ($857k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $81k. At year end it held assets of $1.1m against liabilities of $48k, net assets of $1.1m.