One New Heartbeat Inc

Analysis

One New Heartbeat Inc is a registered charity in United States, based in Redwood City, CA. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, One New Heartbeat Inc reported income of $1.3m and spending of $640k, leaving 49% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $361k to $1.3m (+250%), an average of +87% a year. The sharpest change came in the year to June 2024, when income rose by 341%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, One New Heartbeat Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Hope Honoring Opportunities for Personal Empowerment ($1.3m), Blessing Board ($1.3m) and Center of Hope Family Services Inc ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 91% and program service revenue 8.8% of the total. Compensation of current officers, directors and key employees was $149k (23% of expenses). Other salaries and wages came to $305k. At year end it held assets of $696k against liabilities of $9,604, net assets of $686k. It reported 12 employees.