Heart Mind Foundation

Analysis

Heart Mind Foundation is a registered charity in United States, based in Swannanoa, NC. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 2022, Heart Mind Foundation reported income of $271k and spending of $245k, spending 90% of its income. Across the 3 years on record, from December 2020 to December 2022, income fell from $371k to $271k (-27%), an average of -15% a year. The sharpest change came in the year to December 2021, when income dropped by 39%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Heart Mind Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within NC. Charities of a similar size with the same main cause include Pioneer Museum of Alabama Assn ($271k), Dekalb Central School Alumni Foundation Inc ($271k) and Project Use-Urban Suburban ($271k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 94% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $45k (18% of expenses). At year end it held assets of $40k against liabilities of $0, net assets of $40k. It reported 1 employees.