The Heartway Inc

Analysis

The Heartway Inc is a registered charity in United States, based in Nevada City, CA. It received its IRS tax-exemption ruling in November 2015, 11 years ago. 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, The Heartway Inc reported income of $209k and spending of $183k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $122k to $209k (+72%), an average of +72% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Heartway Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include New Rochelle Public Library Foundation Inc ($209k), Weatherford Regional Hospital Inc of Weatherford Oklahoma ($209k) and Three Village Midget Baseball League Inc ($209k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $30k (16% of expenses). Other salaries and wages came to $65k. At year end it held assets of $85k against liabilities of $6,780, net assets of $78k. It reported 3 employees.