Heart of Volusia Inc

Analysis

Heart of Volusia Inc is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in June 1967, 59 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 March 2024, Heart of Volusia Inc reported income of $135k and spending of $68k, leaving 50% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $53k to $135k (+155%), an average of +26% a year. The sharpest change came in the year to March 2022, when income rose by 65%. Over the whole period it spent 65% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Heart of Volusia Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 48th percentile within FL. Charities of a similar size with the same main cause include Club Serenity Inc ($135k), Physician Scientist Support Foundation ($135k) and Ursuline Piazza ($135k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 2.8% of the total. Other salaries and wages came to $9,421. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m. It reported 1 employees.