Village Heartbeat

Analysis

Village Heartbeat is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in January 2020, 6 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 2022, Village Heartbeat reported income of $277k and spending of $381k, spending 138% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income grew from $206k to $277k (+34%), an average of +34% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Village Heartbeat sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within NC. Charities of a similar size with the same main cause include Thinkbig Pediatric Cancer Fund Inc ($277k), Therapeutic Riding of Tri-Cities ($277k) and Adams County Memorial Hospital and Development Foundation ($276k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $40k (10% of expenses). Other salaries and wages came to $95k. At year end it held assets of $1,360 against liabilities of $5,423, net assets of -$4,063. It reported 2 employees.