Heart of the Brain Foundation

Analysis

Heart of the Brain Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover medical research, 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 June 2024, Heart of the Brain Foundation reported income of $646k and spending of $567k, spending 88% of its income. The sharpest change came in the year to June 2021, when income dropped by 23%. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Heart of the Brain Foundation sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Augusta Resources for Resilience Opportunity&wellness-Arrow Project ($646k), Nami Greater Toledo ($646k) and Contactlifeline Inc ($646k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $18k (3.1% of expenses). At year end it held assets of $382k against liabilities of $0, net assets of $382k.