Heartland House Inc

Analysis

Heartland House Inc is a registered charity in United States, based in Woodward, OK. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Heartland House Inc reported income of $125k and spending of $152k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $108k to $125k (+16%), an average of +3.8% a year. Over the whole period it spent 121% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Heartland House Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within OK. Charities of a similar size with the same main cause include Lower Marshall-Shadeland Development Initiative ($125k), Haven of Hope of Van Wert County Inc ($125k) and Mary Lee Charles Place ($125k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 30% of the total. Other salaries and wages came to $21k. At year end it held assets of $588k against liabilities of $1.1m, net assets of -$508k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.