Heartland Film Inc

Analysis

Heartland Film Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in October 1991, 35 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Film Inc reported income of $2.8m and spending of $2.3m, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.8m (+56%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Heartland Film Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within IN. Charities of a similar size with the same main cause include Coastal Georgia Historical Society Inc ($2.8m), Polynesian Voyaging Society ($2.9m) and Florentine Opera Co Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $207k (9.1% of expenses). Other salaries and wages came to $684k. At year end it held assets of $7.6m against liabilities of $651k, net assets of $7.0m. It reported 14 employees.