Heartland Families Inc

Analysis

Heartland Families Inc is a registered charity in United States, based in Anderson, IN. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Heartland Families Inc reported income of $2.7m and spending of $2.3m, spending 86% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $824k to $2.7m (+230%), an average of +82% a year. The sharpest change came in the year to December 2022, when income rose by 254%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Heartland Families Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within IN. Charities of a similar size with the same main cause include Change Elemental ($2.7m), Dubuque Initiatives ($2.7m) and Downstate Technology Center Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $1.9m against liabilities of $953k, net assets of $905k.