Starting Hearts Inc

Analysis

Starting Hearts Inc is a registered charity in United States, based in Avon, CO. It received its IRS tax-exemption ruling in August 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, Starting Hearts Inc reported income of $311k and spending of $331k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $392k to $311k (-21%), an average of -5.6% a year. The sharpest change came in the year to December 2021, when income dropped by 25%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Starting Hearts Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within CO. Charities of a similar size with the same main cause include Md1 Program Inc ($311k), Nine Line Foundation Inc ($311k) and School of Service ($310k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $144k (43% of expenses). At year end it held assets of $684k against liabilities of $388k, net assets of $297k.