Heartland Sings Inc

Analysis

Heartland Sings Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in February 1990, 36 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Heartland Sings Inc reported income of $909k and spending of $1000k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $593k to $909k (+53%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Heartland Sings Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within IN. Charities of a similar size with the same main cause include Life Advancement Group ($909k), Promising Pages ($909k) and University of Louisiana at Lafayette Alumni Association Inc ($909k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $77k (7.7% of expenses). Other salaries and wages came to $460k. At year end it held assets of $1.3m against liabilities of $192k, net assets of $1.2m. It reported 12 employees.