Interamerican Heart Foundation Inc

Analysis

Interamerican Heart Foundation Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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 June 2023, Interamerican Heart Foundation Inc reported income of $121k and spending of $194k, spending 160% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $280k to $121k (-57%), an average of -24% a year. The sharpest change came in the year to June 2022, when income dropped by 55%. 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, Interamerican Heart Foundation Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within TX. Charities of a similar size with the same main cause include Counseling at Cornerstone ($121k), Reach Out for Life ($121k) and Substance Abuse Council of Vanderburgh County ($121k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $46k (24% of expenses). At year end it held assets of $156k against liabilities of $49k, net assets of $108k. It reported 1 employees.