The Heartland Foundation Inc

Analysis

The Heartland Foundation Inc is a registered charity in United States, based in Paducah, KY. It received its IRS tax-exemption ruling in February 2021, 5 years ago. 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 June 2023, The Heartland Foundation Inc reported income of $106k and spending of $105k, spending 99% of its income. Across the 3 years on record, from June 2021 to June 2023, income fell from $109k to $106k (-2.8%), an average of -1.4% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Heartland Foundation Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within KY. Charities of a similar size with the same main cause include Shenandoah Haven Inc ($106k), Mount Prospect Historical Society ($106k) and Downs Syndrome Awareness Group ($106k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $937k against liabilities of $892k, net assets of $45k.