Mighty Oakes Heart Foundation

Analysis

Mighty Oakes Heart Foundation is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in April 2012, 14 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mighty Oakes Heart Foundation reported income of $747k and spending of $959k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $402k to $747k (+86%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mighty Oakes Heart Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within MO. Charities of a similar size with the same main cause include Peapot Jones ($746k), Livingwell Medical Clinic ($747k) and Nanakuli Community Development LLC ($746k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 126% of the total. Other salaries and wages came to $195k. At year end it held assets of $767k against liabilities of $66k, net assets of $700k. It reported 3 employees.