Heartland Performing Arts

Analysis

Heartland Performing Arts is a registered charity in United States, based in Berwyn, IL. It received its IRS tax-exemption ruling in February 2023, 3 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Performing Arts reported income of $673k and spending of $619k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $75k to $673k (+794%), an average of +794% a year. The sharpest change came in the year to December 2023, when income rose by 794%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Heartland Performing Arts sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include Riverrun International Film Festival ($673k), Alliance for Market Solutions Inc ($673k) and Jack Music Inc ($672k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. At year end it held assets of $77k against liabilities of $0, net assets of $77k.