Heartstrings Community Foundation

Analysis

Heartstrings Community Foundation is a registered charity in United States, based in Olathe, KS. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Heartstrings Community Foundation reported income of $1.7m and spending of $1.5m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.7m (+46%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heartstrings Community Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within KS. Charities of a similar size with the same main cause include Interfaith Social Action Corp Interfaith Day Care Center ($1.7m), Hip Hop Public Health Inc ($1.7m) and Hope for New Haven Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $90k (5.8% of expenses). Other salaries and wages came to $808k. At year end it held assets of $2.0m against liabilities of $181k, net assets of $1.8m. It reported 84 employees.