Heart City Health Center Inc

Analysis

Heart City Health Center Inc is a registered charity in United States, based in Elkhart, IN. It received its IRS tax-exemption ruling in December 1993, 33 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 September 2023, Heart City Health Center Inc reported income of $16.6m and spending of $17.2m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $10.2m to $16.6m (+63%), an average of +13% a year. The sharpest change came in the year to September 2020, when income rose by 23%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Heart City Health Center Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IN. Charities of a similar size with the same main cause include Benefis Community Care Inc ($16.5m), Lymphoma Research Foundation ($16.6m) and Disc Village Inc ($16.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 31% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $533k (3.1% of expenses). Other salaries and wages came to $8.3m. At year end it held assets of $13.1m against liabilities of $3.3m, net assets of $9.9m. It reported 273 employees.