Heart Mountain Wyoming Foundation

Analysis

Heart Mountain Wyoming Foundation is a registered charity in United States, based in Powell, WY. It received its IRS tax-exemption ruling in April 1998, 28 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, Heart Mountain Wyoming Foundation reported income of $2.7m and spending of $1.6m, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $803k to $2.7m (+238%), an average of +36% a year. The sharpest change came in the year to December 2020, when income rose by 146%. Over the whole period it spent 39% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Heart Mountain Wyoming Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 93rd percentile within WY. Charities of a similar size with the same main cause include Gay City Health Project ($2.7m), Agriculture Heritage Museum Inc ($2.7m) and Act of Connecticut Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 6.2% of the total. Other salaries and wages came to $668k. At year end it held assets of $14.7m against liabilities of $78k, net assets of $14.6m. It reported 22 employees.