Healing Hearts Connection

Analysis

Healing Hearts Connection is a registered charity in United States, based in Big Lake, MN. It received its IRS tax-exemption ruling in August 2001, 25 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 June 2023, Healing Hearts Connection reported income of $256k and spending of $205k, leaving 20% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $244k to $256k (+4.9%), an average of +1.2% a year. The sharpest change came in the year to June 2021, when income dropped by 20%. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Healing Hearts Connection sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within MN. Charities of a similar size with the same main cause include I Run This Island Foundation ($256k), Planting Seeds International ($256k) and Virginia Academy of Science Engineering and Medicine Inc ($256k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 107% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $49k (24% of expenses). Other salaries and wages came to $49k. At year end it held assets of $283k against liabilities of $36, net assets of $283k. It reported 2 employees.