The Childrens Heart Foundation

Analysis

The Childrens Heart Foundation is a registered charity in United States, based in Northbrook, IL. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, The Childrens Heart Foundation reported income of $3.4m and spending of $3.1m, spending 93% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $2.6m to $3.4m (+32%), an average of +5.7% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Childrens Heart Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Howard Young Foundation Inc ($3.4m), The Hokie Way Inc ($3.4m) and Monique Burr Foundation for Children Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 118% of the total. Compensation of current officers, directors and key employees was $277k (8.8% of expenses). Other salaries and wages came to $722k. At year end it held assets of $3.2m against liabilities of $626k, net assets of $2.6m. It reported 16 employees.