Hearts in Motion Inc

Analysis

Hearts in Motion Inc is a registered charity in United States, based in Schererville, IN. It received its IRS tax-exemption ruling in August 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 (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, Hearts in Motion Inc reported income of $1.2m and spending of $2.1m, spending 181% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.2m (-23%), an average of -6.4% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 80% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hearts in Motion Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within IN. Charities of a similar size with the same main cause include Cancer Commons ($1.2m), Hispanic Dental Association ($1.2m) and The Cancer Foundation Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $87k (4.2% of expenses). Other salaries and wages came to $529k. At year end it held assets of $4.1m against liabilities of $1.5m, net assets of $2.5m. It reported 26 employees.