Heartlight Center Inc

Analysis

Heartlight Center Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Heartlight Center Inc reported income of $359k and spending of $355k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $197k to $359k (+83%), an average of +35% a year. The sharpest change came in the year to December 2022, when income rose by 44%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heartlight Center Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within CO. Charities of a similar size with the same main cause include Urban Youth Racing School Inc ($359k), Serc Foundation ($359k) and Beta Nu Boule Education Foundation ($359k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 107% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $220k (62% of expenses). Other salaries and wages came to $15k. At year end it held assets of $333k against liabilities of $0, net assets of $333k. It reported 2 employees.