Healing Hearts Foundation

Analysis

Healing Hearts Foundation is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover mental health and crisis intervention, 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 June 2023, Healing Hearts Foundation reported income of $848k and spending of $861k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $502k to $848k (+69%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 63%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healing Hearts Foundation 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 79th percentile within TN. Charities of a similar size with the same main cause include Family Practice Inquiries Network Consortium Inc ($848k), Darien Ems Post 53 Inc ($848k) and Lake Hospital Foundation Inc ($848k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $308k (36% of expenses). Other salaries and wages came to $266k. At year end it held assets of $408k against liabilities of $1,188, net assets of $407k. It reported 6 employees.