Heartfulness Institute

Analysis

Heartfulness Institute is a registered charity in United States, based in San Ramon, CA. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Heartfulness Institute reported income of $2.1m and spending of $3.6m, spending 174% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $921k to $2.1m (+124%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 129%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heartfulness Institute sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include American Friends of Unit 669 Inc ($2.1m), Northaven Development ($2.1m) and Helping Hands Senior Foundation ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 9.0% of the total. At year end it held assets of $3.3m against liabilities of $92k, net assets of $3.2m.