Institute of Heartmath

Analysis

Institute of Heartmath is a registered charity in United States, based in Boulder Creek, CA. It received its IRS tax-exemption ruling in December 1992, 34 years ago. Its declared purposes cover mental health and crisis intervention, 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, Institute of Heartmath reported income of $2.9m and spending of $3.6m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $2.9m (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2020, when income rose by 30%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Institute of Heartmath sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Dr Gary Burnstein Community Health Clinic ($2.9m), CLL Society Inc ($2.9m) and Westcare Wisconsin Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $106k (3.0% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $3.0m against liabilities of $1.0m, net assets of $1.9m. It reported 25 employees.