Iamheart Inc

Analysis

Iamheart Inc is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in September 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 August 2023, Iamheart Inc reported income of $978k and spending of $974k, spending 100% of its income. Across the 4 years on record, from August 2019 to August 2023, income fell from $1.0m to $978k (-4.5%), an average of -1.5% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Iamheart Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 76th percentile within AZ. Charities of a similar size with the same main cause include Greater Harleysville and North Penn Senior Services ($978k), Central Virginia Resource Corporation ($979k) and Dress for Success Boston Inc ($978k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $232k (24% of expenses). Other salaries and wages came to $65k. At year end it held assets of $300k against liabilities of $134k, net assets of $166k. It reported 5 employees.