Health Care
(E50Z)
IRS Verified
DX Registered
990 on File
HEARTSPRING INC
Financial strength (30%)
72/100
Reliability (20%)
55/100
Effectiveness (25%)
88/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
To be a leader and innovator in providing clinically supported services through education and therapies for children with special needs to empower them to grow and learn on a path to a more independent life
Financial Overview — FY 2023
$25.3M
Total Revenue
$26.6M
Total Expenses
$26.5M
Net Assets
519
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
90.4%
Fundraising Efficiency
7782.1%
Operating Reserve
11.97x
Liability-to-Asset
6.7%
Revenue Diversification
94.9%
Executive Compensation
$612K
Compared with Peers
FY 2023
Compared with 3,289 similar organizations
(United States, Health Care, $10M–$100M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
90.4% | 84.9% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
7.1% | 14.4% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
2.5% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
7782.1% | 321.9% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
12.0 mo | 6.5 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
6.7% | 37.0% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
94.9% | 93.5% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
-5.0% | 5.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-6.8% | 7.3% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-5.1% | 0.8% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $25.3M | $26.6M | $26.5M | 90.4% | 519 |
| 2022 | $26.6M | $28.5M | $27.4M | 90.3% | 713 |
| 2021 | $29.9M | $28.4M | N/A | — | 645 |
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