Championship Hearts Foundation

Analysis

Championship Hearts Foundation is a registered charity in United States, based in Manor, TX. It received its IRS tax-exemption ruling in November 2000, 26 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 (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, Championship Hearts Foundation reported income of $341k and spending of $303k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $323k to $341k (+5.6%), an average of +1.4% a year. The sharpest change came in the year to December 2020, when income dropped by 21%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Championship Hearts Foundation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Noahbrave Foundation ($341k), Camden Area District Nursing Association ($341k) and Wellington E M S Inc ($341k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 9.5% of the total. Compensation of current officers, directors and key employees was $45k (15% of expenses). Other salaries and wages came to $17k. At year end it held assets of $67k against liabilities of $0, net assets of $67k. It reported 2 employees.