Heartmatters Inc

Analysis

Heartmatters Inc is a registered charity in United States, based in Bartlesville, OK. It received its IRS tax-exemption ruling in June 1987, 39 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, Heartmatters Inc reported income of $873k and spending of $725k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $432k to $873k (+102%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 96% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Heartmatters Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within OK. Charities of a similar size with the same main cause include Prosper Sports Association Inc ($873k), Wellcore Inc ($873k) and National Office the Duke of Edinburghs International Award USA ($873k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 0.0% of the total. Other salaries and wages came to $220k. At year end it held assets of $3.4m against liabilities of $8,560, net assets of $3.4m. It reported 13 employees.