Heartland Institute

Analysis

Heartland Institute is a registered charity in United States, based in Schaumburg, IL. It received its IRS tax-exemption ruling in December 1984, 42 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Institute reported income of $4.1m and spending of $4.1m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.6m to $4.1m (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2020, when income dropped by 17%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Heartland Institute sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IL. Charities of a similar size with the same main cause include Canyon State Academy Inc ($4.1m), Hilton Head Island Recreation Association ($4.1m) and American Association of Law Libraries ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $878k (22% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.4m against liabilities of $326k, net assets of $1.1m. It reported 21 employees.