Heart Disease Research Institute

Analysis

Heart Disease Research Institute is a registered charity in United States, based in Glendale, AZ. It received its IRS tax-exemption ruling in March 2006, 20 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 September 2024, Heart Disease Research Institute reported income of $83k and spending of $115k, spending 138% of what it took in. Across the 6 years on record, from September 2019 to September 2024, income fell from $220k to $83k (-62%), an average of -18% a year. The sharpest change came in the year to September 2020, when income dropped by 39%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Heart Disease Research Institute sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 29th percentile within AZ. Charities of a similar size with the same main cause include Greater New Orleans Service Board Inc ($83k), Veterans Coalition for Quality Health Care Inc ($83k) and Ozark Center for Lifestyle Medicine Inc ($83k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $26k (23% of expenses). At year end it held assets of $18k against liabilities of $4,712, net assets of $13k.