Heartland Initiative Inc

Analysis

Heartland Initiative Inc is a registered charity in United States, based in Michigan City, IN. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Heartland Initiative Inc reported income of $250k and spending of $265k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $201k to $250k (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2021, when income rose by 81%. Over the whole period it spent 93% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Heartland Initiative Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within IN. Charities of a similar size with the same main cause include One Ball One Village Inc ($249k), Janes House ($250k) and Haiti National Trust Inc ($249k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.4% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $143k (54% of expenses). At year end it held assets of $611k against liabilities of $373k, net assets of $238k. It reported 2 employees.