Saloni Heart Foundation

Analysis

Saloni Heart Foundation is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover health care, 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 2023, Saloni Heart Foundation reported income of $221k and spending of $66k, leaving 70% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $104k to $221k (+113%), an average of +113% a year. The sharpest change came in the year to December 2023, when income rose by 113%. Over the whole period it spent 25% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Saloni Heart Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include McAlester Regional Health Center Foundation ($221k), Modern Spirit Organization Inc ($221k) and Spreading Sunshine Inc ($221k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $345k against liabilities of $946, net assets of $344k.