Heartlinks

Analysis

Heartlinks is a registered charity in United States, based in Grandview, WA. It received its IRS tax-exemption ruling in June 1980, 46 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, Heartlinks reported income of $6.4m and spending of $6.5m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.7m to $6.4m (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heartlinks sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within WA. Charities of a similar size with the same main cause include Adult Community Training Inc ($6.4m), Su Vida Services Inc ($6.4m) and Play N Learn Center Inc ($6.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $118k (1.8% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $2.8m against liabilities of $1.1m, net assets of $1.6m. It reported 80 employees.