Heartland Foundation
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$7,691,816
Other
35%
Government Grants
27%
Contributions
25%
Investments
10%
Fundraising Events
3%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$3,605,622
Salaries & Benefits
35%
Fees to Service Providers
23%
Grants
20%
Offices, Occupancy & IT
14%
Depreciation
6%
Other
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$2,127,899
$1,921,499
-10%
Government Grants
$389,606
$2,061,145
+429%
Fundraising Events
$220,805
$244,004
+11%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$1,124,186
$767,401
-32%
Other
$5,788,024
$2,697,767
-53%
Total Revenues
$9,650,520
$7,691,816
-20%
Expenses
2023
2024
Change
Grants
$2,534,933
$706,460
-72%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,436,880
$1,254,252
-13%
Fees to Service Providers
$590,206
$836,127
+42%
Advertising & Promotion
$3,097
$6,556
+112%
Offices, Occupancy & IT
$559,012
$511,501
-8%
Interest
$0
$0
-
Depreciation
$241,550
$212,988
-12%
Other
$110,914
$77,738
-30%
Total Expenses
$5,476,592
$3,605,622
-34%
Net income
2023
2024
Change
Net income
+$4,173,928
+$4,086,194
-2%
Functional Expenses
Summary
2023
2024
Change
Program
$4,395,865
$2,782,727
-37%
Admin
$501,263
$381,184
-24%
Fundraising
$579,464
$441,711
-24%
Total Expenses
$5,476,592
$3,605,622
-34%
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