Twin Cities Heart Foundation

Analysis

Twin Cities Heart Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 2001, 25 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 December 2023, Twin Cities Heart Foundation reported income of $436k and spending of $19k, leaving 96% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $46k to $436k (+839%), an average of +75% a year. The sharpest change came in the year to December 2023, when income rose by 1123%. Over the whole period it spent 23% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Twin Cities Heart Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MN. Charities of a similar size with the same main cause include Nextstep Kansas City ($436k), Recovery Cafe DC ($436k) and Olympia Free Clinic ($436k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.5% of the total. At year end it held assets of $952k against liabilities of $0, net assets of $952k.