Heart Reach Carmel Inc

Analysis

Heart Reach Carmel Inc is a registered charity in United States, based in Carmel, IN. It received its IRS tax-exemption ruling in October 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, Heart Reach Carmel Inc reported income of $290k and spending of $424k, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $303k to $290k (-4.5%), an average of -1.2% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Heart Reach Carmel Inc sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within IN. Charities of a similar size with the same main cause include Community Action for Healthy Living ($290k), Guardians of the Ribbon Pink Heals Joliet Illinois ($290k) and Moriah Foundation ($290k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. At year end it held assets of $27k against liabilities of $0, net assets of $27k.