Foundation of the Heart 09-29-2000

Analysis

Foundation of the Heart 09-29-2000 is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Foundation of the Heart 09-29-2000 reported income of $182k and spending of $1.4m, spending 786% of what it took in. Across the 2 years on record, from December 2019 to December 2020, income fell from $841k to $182k (-78%), an average of -78% a year. The sharpest change came in the year to December 2020, when income dropped by 78%. Over the whole period it spent 242% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Foundation of the Heart 09-29-2000 sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 48th percentile within CO. Charities of a similar size with the same main cause include Anointed Word of God International Church ($182k), Energy for Mission Corporation ($182k) and St Francis Xavier Lay Missionary Society ($182k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 163% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $12k (0.8% of expenses). Other salaries and wages came to $189k. At year end it held assets of $9.1m against liabilities of $11k, net assets of $9.1m. It reported 17 employees.