Shlofmitz Heart Foundation

Analysis

Shlofmitz Heart Foundation is a registered charity in United States, based in Jericho, NY. It received its IRS tax-exemption ruling in February 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 2022, Shlofmitz Heart Foundation reported income of $149k and spending of $270k, spending 182% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $5,258 to $149k (+2726%), an average of +205% a year. The sharpest change came in the year to December 2020, when income rose by 4835%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Shlofmitz Heart Foundation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include American Pediatric Surgical Nurses Association ($149k), Pittsburgh Area Central Office Inc ($149k) and Monterey Sober Living for Women ($149k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $272k against liabilities of $0, net assets of $272k.