Heart Inclusive Arts Community

Analysis

Heart Inclusive Arts Community is a registered charity in United States, based in North Charleston, SC. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover health care, 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, Heart Inclusive Arts Community reported income of $204k and spending of $214k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $134k to $204k (+52%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 120% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Heart Inclusive Arts Community sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 60th percentile within SC. Charities of a similar size with the same main cause include Meditation4leadership Inc ($204k), Harnett Health System Foundation ($204k) and Suburban North Club Corporation ($204k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $78k (36% of expenses). Other salaries and wages came to $19k. At year end it held assets of $66k against liabilities of $489, net assets of $65k.