Heartbright Foundation

Analysis

Heartbright Foundation is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Heartbright Foundation reported income of $1.1m and spending of $1.1m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.3m to $1.1m (-53%), an average of -17% a year. The sharpest change came in the year to December 2020, when income dropped by 57%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Heartbright Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within NC. Charities of a similar size with the same main cause include Abc for Health Incorporated ($1.1m), Shelter From the Storm Inc ($1.1m) and Ensele Enterprises Consulting Incorporated ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $404k. At year end it held assets of $136k against liabilities of $0, net assets of $136k. It reported 5 employees.