Heartsupport Inc

Analysis

Heartsupport Inc is a registered charity in United States, based in Round Rock, TX. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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, Heartsupport Inc reported income of $465k and spending of $432k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $498k to $465k (-6.7%), an average of -1.7% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Heartsupport Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Love Fund for Children Inc ($464k), Harold M Freeman Educational Foundation ($465k) and Southeast Alabama Dance Company Inc ($464k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $106k (25% of expenses). Other salaries and wages came to $63k. At year end it held assets of $108k against liabilities of $182k, net assets of -$73k. It reported 2 employees.