Village Heartbeat

Analysis

Village Heartbeat is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Village Heartbeat reported income of $412k and spending of $403k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $343k to $412k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Village Heartbeat sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 64th percentile within CO. Charities of a similar size with the same main cause include One Hope of Northern Colorado ($412k), The House of Glory International Church ($412k) and Mosaic House Ministries ($411k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $104k (26% of expenses). Other salaries and wages came to $65k. At year end it held assets of $2.2m against liabilities of $12k, net assets of $2.2m. It reported 2 employees.