Heartwood Az

Analysis

Heartwood Az is a registered charity in United States, based in Mesa, AZ. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Heartwood Az reported income of $1.8m and spending of $1.2m, leaving 32% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $786k to $1.8m (+126%), an average of +31% a year. The sharpest change came in the year to June 2023, when income rose by 168%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heartwood Az sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within AZ. Charities of a similar size with the same main cause include Yerkes Future Foundation Inc ($1.8m), Bnot Shirah of Deal Inc ($1.8m) and Montessori Elementary School of Columbia Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $88k (7.2% of expenses). Other salaries and wages came to $327k. At year end it held assets of $814k against liabilities of $89k, net assets of $725k. It reported 35 employees.