Heartland Homes - Options in Community Living Inc

Analysis

Heartland Homes - Options in Community Living Inc is a registered charity in United States, based in Park Rapids, MN. It received its IRS tax-exemption ruling in July 1977, 49 years ago. 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, Heartland Homes - Options in Community Living Inc reported income of $2.6m and spending of $2.5m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.6m (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Heartland Homes - Options in Community Living Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MN. Charities of a similar size with the same main cause include Wildwood Sanitarium Incorporated ($2.6m), Wayne Health Foundation Inc ($2.6m) and P V Charter School Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 97% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $2.9m against liabilities of $144k, net assets of $2.7m. It reported 63 employees.