Heartland Resources Inc

Analysis

Heartland Resources Inc is a registered charity in United States, based in Ewing, MO. It received its IRS tax-exemption ruling in May 1974, 52 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, Heartland Resources Inc reported income of $323k and spending of $333k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $500k to $323k (-35%), an average of -10% a year. The sharpest change came in the year to June 2023, when income dropped by 29%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heartland Resources Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within MO. Charities of a similar size with the same main cause include Living Stones ($323k), Compassion Ministry Inc ($323k) and Love Light and Melody a Not Forprofit Corporation ($323k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Other salaries and wages came to $182k. At year end it held assets of $115k against liabilities of $120k, net assets of -$4,517. It reported 26 employees.