In a Heartbeat Inc

Analysis

In a Heartbeat Inc is a registered charity in United States, based in Wallingford, CT. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, In a Heartbeat Inc reported income of $210k and spending of $163k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $132k to $210k (+60%), an average of +60% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, In a Heartbeat Inc 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 55th percentile, and in the 52nd percentile within CT. Charities of a similar size with the same main cause include The Bicol Clinic Foundation Inc ($210k), Massachusetts Coalition for the Prevention of Medical Errors Inc ($210k) and Memorial Medical Center Volunteers ($210k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Other salaries and wages came to $24k. At year end it held assets of $113k against liabilities of $0, net assets of $113k. It reported 1 employees.