Heart Math Tutoring Inc

Analysis

Heart Math Tutoring Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Heart Math Tutoring Inc reported income of $3.7m and spending of $2.9m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.6m to $3.7m (+47%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 72%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heart Math Tutoring Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Readyct Inc ($3.7m), Alethia Labs Inc ($3.7m) and Ecap Enterprises Inc ($3.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 82% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $114k (3.9% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $5.0m against liabilities of $501k, net assets of $4.5m. It reported 110 employees.