Mended Hearts reports that it is a community-based organization that works with heart disease patients, their families, and caregivers. The organization states that it operates a peer-to-peer support network for heart patients and their families and its volunteers make over 230,000 visits to patients and caregivers annually. With its three programs, Mended Hearts, Young Mended Hearts, and Mended Little Hearts, the organization provides support and education to cardiovascular disease patients and their families throughout the entire lifespan of the patient, brings awareness to issues that those living with heart disease face, and advocates to improve quality of life across the lifespan.
For the year ended December 31, 2020, Mended Hearts's program expenses were:
Education |
$1,302,875 |
Conferences |
$76,440 |
Total Program Expenses: |
$1,379,315 |
*2020 compensation, as reported by the organization, includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Grant proposals, Internet, Membership appeals
Fundraising costs were 3% of related contributions. (Related contributions, which totaled $2,078,866, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Mended Hearts's audited financial statements for the year ended December 31, 2020.
Source of Funds |
Grants |
$1,851,770 |
Contributions |
$227,166 |
Miscellaneous income |
$65,433 |
Membership dues |
$47,250 |
Investment income |
$7,310 |
Promotional materials |
($21,534) |
Total Income |
$2,177,395 |
- Programs: 84%
- Administrative: 12%
- Fundraising: 4%
Total Income |
$2,177,395 |
Program expenses |
$1,379,315 |
Fundraising expenses |
$68,268 |
Administrative expenses |
$196,280 |
Other expenses |
$0 |
Total expenses: |
$1,643,863 |
Income in Excess of Expenses |
$533,532 |
Beginning Net Assets |
$809,323 |
Other Changes In Net Assets |
$0 |
Ending Net Assets |
$1,342,855 |
Total Liabilities |
$219,120 |
Total Assets |
$1,561,975 |