Patrick Schoonover Heart Foundation

Analysis

Patrick Schoonover Heart Foundation is a registered charity in United States, based in Shoreview, MN. It received its IRS tax-exemption ruling in January 2017, 9 years ago. Its declared purposes cover health care, 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, Patrick Schoonover Heart Foundation reported income of $202k and spending of $46k, leaving 77% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $71k to $202k (+185%), an average of +185% a year. The sharpest change came in the year to December 2023, when income rose by 185%. Over the whole period it spent 37% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Patrick Schoonover Heart Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within MN. Charities of a similar size with the same main cause include International Cancer Expert Corps Inc ($201k), Lifeline Resource Center ($202k) and Peaceful Acres Horses Inc ($201k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $291k against liabilities of $2,607, net assets of $288k.