Local Heart Foundation

Analysis

Local Heart Foundation is a registered charity in United States, based in Lake Charles, LA. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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 2023, Local Heart Foundation reported income of $90k and spending of $72k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $273k to $90k (-67%), an average of -24% a year. The sharpest change came in the year to December 2023, when income rose by 123%. Over the whole period it spent 55% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Local Heart Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within LA. Charities of a similar size with the same main cause include North Carolina Psychological Foundation Inc ($90k), Riley Equine Center ($90k) and Royal Haven Inc ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% of the total. At year end it held assets of $577k against liabilities of $0, net assets of $577k.