Heartreach Center Inc

Analysis

Heartreach Center Inc is a registered charity in United States, based in Wasilla, AK. It received its IRS tax-exemption ruling in April 1987, 39 years ago. Its declared purposes cover health care, 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, Heartreach Center Inc reported income of $907k and spending of $698k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $513k to $907k (+77%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 79% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Heartreach Center Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within AK. Charities of a similar size with the same main cause include Medical Outreach Ministries ($907k), Safe Havynn Education Center ($907k) and Lets Get Real Inc ($907k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $68k (9.7% of expenses). Other salaries and wages came to $287k. At year end it held assets of $2.3m against liabilities of $3,274, net assets of $2.3m. It reported 11 employees.