Heartbeat of Morrow County Inc

Analysis

Heartbeat of Morrow County Inc is a registered charity in United States, based in Mount Gilead, OH. It received its IRS tax-exemption ruling in August 1986, 40 years ago. 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, Heartbeat of Morrow County Inc reported income of $131k and spending of $98k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $113k to $131k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Heartbeat of Morrow County Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within OH. Charities of a similar size with the same main cause include Providence St Andrews Housing Development Fund Company Inc ($131k), Napa Valley Wine Library Association ($131k) and McGregor Library Association Inc ($131k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $280k against liabilities of $65k, net assets of $215k.