Heart of a Champion

Analysis

Heart of a Champion is a registered charity in United States, based in Southlake, TX. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2022, Heart of a Champion reported income of $1.1m and spending of $1.4m, spending 126% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $540k to $1.1m (+106%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 64%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Heart of a Champion sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include FC Sarasota Inc ($1.1m), El Dorado Hills Soccer Club ($1.1m) and Wasatch Freestyle Foundation Inc ($1.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 98% and program service revenue 1.9% of the total. Other salaries and wages came to $861k. At year end it held assets of $418k against liabilities of $290k, net assets of $128k.