Heartland Forward

Analysis

Heartland Forward is a registered charity in United States, based in Bentonville, AR. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Heartland Forward reported income of $15.3m and spending of $10.9m, leaving 29% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $837k to $15.3m (+1723%), an average of +163% a year. The sharpest change came in the year to December 2021, when income rose by 1083%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Heartland Forward sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within AR. Charities of a similar size with the same main cause include Goodwill Industries of East Texas Inc ($15.2m), Electrical Local No 26 Joint Apprenticeship & Training TR Fund ($15.3m) and Building 77 Qalicb Inc ($15.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $7.2m against liabilities of $0, net assets of $7.2m.