Heart of America Tax Institute

Analysis

Heart of America Tax Institute is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in January 1979, 47 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Heart of America Tax Institute reported income of $54k and spending of $97k, spending 181% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $54k to $54k (-1.0%), an average of -1.0% a year. Over the whole period it spent 127% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Heart of America Tax Institute sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within MO. Charities of a similar size with the same main cause include Friends of the Escanaba Public Library ($54k), McHenry County Santa Run for Kids ($54k) and Women Military Aviators Inc ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $82k against liabilities of $0, net assets of $82k.