Heart Valve Society

Analysis

Heart Valve Society is a registered charity in United States, based in Beverly, MA. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Heart Valve Society reported income of $549k and spending of $544k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $453k to $549k (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2022, when income rose by 400%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Heart Valve Society sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include Nami Seattle ($548k), Michigan Health Improvement Alliance Inc ($549k) and Valley Crisis Pregnancy Center Inc ($548k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. At year end it held assets of $449k against liabilities of $97k, net assets of $352k.