Heart Tones Inc

Analysis

Heart Tones Inc is a registered charity in United States, based in Midlothian, TX. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover mental health and crisis intervention, 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 December 2023, Heart Tones Inc reported income of $233k and spending of $179k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $73k to $233k (+221%), an average of +221% a year. The sharpest change came in the year to December 2023, when income rose by 221%. Over the whole period it spent 76% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Heart Tones Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Ambassadors Medical Outreach and Relief Projects ($233k), Ajhc Inc ($233k) and Bradford Healthcare Foundation ($233k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $85k against liabilities of $237, net assets of $85k. It reported 1 employees.