Heartland Chamber Music Ltd

Analysis

Heartland Chamber Music Ltd is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 June 2023, Heartland Chamber Music Ltd reported income of $224k and spending of $236k, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $182k to $224k (+23%), an average of +7.0% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 110% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Heartland Chamber Music Ltd sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within MO. Charities of a similar size with the same main cause include Vision Hudson Valley Inc ($223k), Feeding the Fosters Inc ($224k) and Ecfa Foundation Inc ($223k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $51k (22% of expenses). Other salaries and wages came to $60k. It paid $69 in professional fundraising fees. At year end it held assets of $31k against liabilities of $9,372, net assets of $22k. It reported 16 employees.