Texas Heart Institute

Analysis

Texas Heart Institute is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in May 1964, 62 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Texas Heart Institute reported income of $28.3m and spending of $44.4m, spending 157% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income grew from $24.9m to $28.3m (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2021, when income rose by 146%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Texas Heart Institute sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Jewish Healthcare Center Inc ($28.3m), Chautauqua Center Inc ($28.3m) and Saint Francis Hospital Vinita Inc ($28.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 71% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $2.5m (5.7% of expenses). Other salaries and wages came to $13.0m. At year end it held assets of $239.3m against liabilities of $7.7m, net assets of $231.5m. It reported 226 employees.