Heartworks Childrens Medical Home Mission

Analysis

Heartworks Childrens Medical Home Mission is a registered charity in United States, based in Bayboro, NC. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Heartworks Childrens Medical Home Mission reported income of $999k and spending of $987k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $999k (-24%), an average of -6.5% a year. The sharpest change came in the year to June 2022, when income rose by 116%. Over the whole period it spent 67% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heartworks Childrens Medical Home Mission sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include Life Choices Inc ($999k), West Virginia Child Abuse Network Inc ($999k) and The Community School of Park Cities ($999k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $72k (7.3% of expenses). Other salaries and wages came to $458k. At year end it held assets of $5.8m against liabilities of $87k, net assets of $5.7m. It reported 56 employees.