Edith & Henry Heuser Hearing Institute

Analysis

Edith & Henry Heuser Hearing Institute is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover medical research, 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 May 2023, Edith & Henry Heuser Hearing Institute reported income of $3.0m and spending of $2.2m, leaving 28% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $1.6m to $3.0m (+92%), an average of +18% a year. The sharpest change came in the year to May 2023, when income rose by 93%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Edith & Henry Heuser Hearing Institute sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within KY. Charities of a similar size with the same main cause include Mental Health Associates of Franklin County ($3.0m), Center for Medical Simulation Inc ($3.0m) and Monroe Community Health Services ($3.0m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 49% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $227k (10% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.1m against liabilities of $2.2m, net assets of -$1.1m.