Truman Heartland Community Foundation

Analysis

Truman Heartland Community Foundation is a registered charity in United States, based in Independence, MO. It received its IRS tax-exemption ruling in June 1983, 43 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Truman Heartland Community Foundation reported income of $13.6m and spending of $7.6m, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.9m to $13.6m (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2021, when income rose by 144%. Over the whole period it spent 55% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Truman Heartland Community Foundation sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within MO. Charities of a similar size with the same main cause include Indian River Community Foundation ($13.5m), Feeding Pennsylvania ($13.6m) and Midland Area Community Foundation ($13.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 6.7% of the total. Compensation of current officers, directors and key employees was $302k (4.0% of expenses). Other salaries and wages came to $391k. At year end it held assets of $91.6m against liabilities of $20.1m, net assets of $71.6m. It reported 9 employees.