Heartspring Inc

Analysis

Heartspring Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in April 1947, 79 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Heartspring Inc reported income of $25.3m and spending of $26.6m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $26.7m to $25.3m (-5.3%), an average of -1.3% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Heartspring Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within KS. Charities of a similar size with the same main cause include Home Health United Inc ($25.2m), Calvert Health System Inc ($25.3m) and South Boston Community Health Center Inc ($25.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.7% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $612k (2.3% of expenses). Other salaries and wages came to $17.2m. At year end it held assets of $28.4m against liabilities of $1.9m, net assets of $26.5m. It reported 519 employees.