Hope Heart Institute

Analysis

Hope Heart Institute is a registered charity in United States, based in Redmond, WA. It received its IRS tax-exemption ruling in May 1981, 45 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Hope Heart Institute reported income of $60k and spending of $22k, leaving 63% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $11k to $60k (+428%), an average of +52% a year. The sharpest change came in the year to December 2020, when income rose by 2437%. Over the whole period it spent 7.7% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope Heart Institute sits at the 19th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 18th percentile within WA. Charities of a similar size with the same main cause include Blue Lips Foundation ($60k), Institute for Basic and Applied Research in Surgery ($60k) and Flight to the North Pole Inc ($60k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% of the total. At year end it held assets of $1.4m against liabilities of $120, net assets of $1.4m.