Heartland Research Inc

Analysis

Heartland Research Inc is a registered charity in United States, based in Montrose, IA. It received its IRS tax-exemption ruling in October 2023, 3 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. The IRS classifies it as a private operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Heartland Research Inc reported income of $95k and spending of $354k, spending 372% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income grew from $74k to $95k (+29%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 831%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Heartland Research Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within IA. Charities of a similar size with the same main cause include African American Veterans Monument Inc ($95k), Organization of Istanbul Armenians ($95k) and House of Peru ($95k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $191k against liabilities of $0, net assets of $191k.