Heartisans Marketplace

Analysis

Heartisans Marketplace is a registered charity in United States, based in Longview, TX. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Heartisans Marketplace reported income of $961k and spending of $503k, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $371k to $961k (+159%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 59% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Heartisans Marketplace sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Lakewood Neighborhood Alliance Inc ($961k), Center for Community Action and Environmental Justice ($961k) and Northwest California Resource Conservation & Development Council ($960k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. Other salaries and wages came to $215k. At year end it held assets of $3.3m against liabilities of $1.9m, net assets of $1.4m. It reported 13 employees.