Heartfelt School

Analysis

Heartfelt School is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Heartfelt School reported income of $189k and spending of $197k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $214k to $189k (-12%), an average of -12% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heartfelt School sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 45th percentile within ME. Charities of a similar size with the same main cause include Millard School District Foundation ($189k), Field Edventures ($189k) and Society for Political Methodology ($189k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.4% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $76k (38% of expenses). Other salaries and wages came to $54k. At year end it held assets of $28k against liabilities of $0, net assets of $28k. It reported 8 employees.