Heartfelt Cardiac Connections

Analysis

Heartfelt Cardiac Connections is a registered charity in United States, based in Laguna Beach, CA. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Heartfelt Cardiac Connections reported income of $106k and spending of $196k, spending 185% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $399k to $106k (-73%), an average of -28% a year. The sharpest change came in the year to December 2023, when income rose by 165%. Over the whole period it spent 127% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heartfelt Cardiac Connections sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within CA. Charities of a similar size with the same main cause include Friday Nite Friends Foundation Inc ($106k), Woods & Water Kids Adventures Inc ($106k) and Senior Citizens of Green Island Inc ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $114k against liabilities of $341k, net assets of -$227k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.