Heartbeat Denver Incorporated

Analysis

Heartbeat Denver Incorporated is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in May 2019, 7 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Heartbeat Denver Incorporated reported income of $697k and spending of $621k, spending 89% of its income. Across the 2 years on record, from July 2023 to July 2024, income grew from $257k to $697k (+171%), an average of +171% a year. The sharpest change came in the year to July 2024, when income rose by 171%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Heartbeat Denver Incorporated sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within CO. Charities of a similar size with the same main cause include Fairbanks Childrens Museum ($697k), Waterworks Preservation Trust Inc ($698k) and Grow Home Inc ($697k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 29% and program service revenue 71% of the total. Other salaries and wages came to $287k. At year end it held assets of $66k against liabilities of $14k, net assets of $52k. It reported 16 employees.