Heartland Industries Incorporated

Analysis

Heartland Industries Incorporated is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in June 1973, 53 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Heartland Industries Incorporated reported income of $2.6m and spending of $2.7m, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.8m to $2.6m (+43%), an average of +9.4% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Heartland Industries Incorporated 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 86th percentile within MO. Charities of a similar size with the same main cause include Free the Work ($2.6m), North American Society for Trenchless Technology ($2.6m) and Communities in Partnership ($2.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 57% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $106k (4.0% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $5.9m against liabilities of $3.1m, net assets of $2.8m. It reported 179 employees.