Healing Heart Project

Analysis

Healing Heart Project is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in August 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, Healing Heart Project reported income of $221k and spending of $127k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $121k to $221k (+83%), an average of +83% a year. The sharpest change came in the year to December 2023, when income rose by 83%. Over the whole period it spent 60% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healing Heart Project sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within FL. Charities of a similar size with the same main cause include American Valor Foundation ($221k), Vital Voices for Mental Health Inc ($221k) and In His Hands Ministry ($221k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $46k (36% of expenses). At year end it held assets of $296k against liabilities of $433, net assets of $295k. It reported 1 employees.