Childrens Heart Foundation

Analysis

Childrens Heart Foundation is a registered charity in United States, based in Henderson, NV. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Childrens Heart Foundation reported income of $502k and spending of $471k, spending 94% of its income. Across the 6 years on record, from June 2019 to December 2023, income fell from $607k to $502k (-17%), an average of -3.7% a year. The sharpest change came in the year to December 2021, when income rose by 240%. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Childrens Heart Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within NV. Charities of a similar size with the same main cause include Little Hercules Foundation ($502k), Prairie Lakes Health Care Foundation ($502k) and American Journal of Hypertension Ltd ($502k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $109k (23% of expenses). Other salaries and wages came to $75k. At year end it held assets of $988k against liabilities of $63k, net assets of $925k. It reported 2 employees.