Heartland Bank Community Foundation

Analysis

Heartland Bank Community Foundation is a registered charity in United States, based in Whitehall, OH. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Bank Community Foundation reported income of $205k and spending of $83k, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $46k to $205k (+341%), an average of +45% a year. The sharpest change came in the year to December 2020, when income rose by 159%. Over the whole period it spent 40% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heartland Bank Community Foundation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 55th percentile within OH. Charities of a similar size with the same main cause include Kids Against Hunger Philadelphia ($205k), Tulsas Backyard Initiative Fund ($205k) and Oakwood Community Center Inc ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $469k against liabilities of $2,000, net assets of $467k.