Healing Hearts Rescue

Analysis

Healing Hearts Rescue is a registered charity in United States, based in Crystal, MN. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 2023, Healing Hearts Rescue reported income of $609k and spending of $395k, leaving 35% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $354k to $609k (+72%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 74% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Healing Hearts Rescue sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MN. Charities of a similar size with the same main cause include Montgomery County Society for the Prevention of Cruelty to Animals ($609k), New York Animal Agriculture Coalition Inc ($611k) and Humane Society of Erie County ($609k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $18k (4.6% of expenses). At year end it held assets of $277k against liabilities of $22k, net assets of $255k. It reported 2 employees.