Robot Heart Foundation Inc

Analysis

Robot Heart Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Robot Heart Foundation Inc reported income of $1.4m and spending of $1.3m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $92k to $1.4m (+1426%), an average of +98% a year. The sharpest change came in the year to December 2022, when income rose by 756%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Robot Heart Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include West Virginia Public Broadcasting Foundation Inc ($1.4m), Salt Lake Music School Foundation ($1.4m) and Washington Bach Consort ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Other salaries and wages came to $156k. At year end it held assets of $332k against liabilities of $239k, net assets of $93k. It reported 1 employees.