Childrens Heartlink

Analysis

Childrens Heartlink is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in October 1977, 49 years ago. 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 June 2024, Childrens Heartlink reported income of $2.6m and spending of $3.4m, spending 130% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $2.8m to $2.6m (-4.8%), an average of -1.0% a year. The sharpest change came in the year to June 2023, when income rose by 51%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Childrens Heartlink 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 Teen Challenge ($2.6m), American Farm Bureau Foundation for Agriculture ($2.6m) and Global Implementation Solutions ($2.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $203k (5.9% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $2.7m against liabilities of $103k, net assets of $2.6m. It reported 22 employees.