Heartland Foundation

Analysis

Heartland Foundation is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in May 1995, 31 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 June 2024, Heartland Foundation reported income of $1.7m and spending of $1.3m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.4m to $1.7m (+23%), an average of +5.4% a year. The sharpest change came in the year to June 2024, when income rose by 27%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heartland Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within NE. Charities of a similar size with the same main cause include Donum Dei Classical Academy ($1.7m), Psa PHCC Plumbing Apprenticeship School ($1.7m) and Avalon Academy Inc ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $119k (9.0% of expenses). Other salaries and wages came to $642k. At year end it held assets of $3.4m against liabilities of $588k, net assets of $2.8m. It reported 21 employees.