Heart of the City Race

Analysis

Heart of the City Race is a registered charity in United States, based in Burnsville, MN. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Heart of the City Race reported income of $55k and spending of $67k, spending 122% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $67k to $55k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 89% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Heart of the City Race sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 18th percentile within MN. Charities of a similar size with the same main cause include Camp Fire ($55k), I-Can Youth Foundation Corporation ($55k) and Lake Fork Stables ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 128% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.