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Indiana · Nonprofit

Heartland Initiative Inc

Heartland Initiative Inc (Indiana) receives grants from 5 organizations whose IRS filings report $757,500 to it, the largest being FOUNDATION TO PROMOTE OPEN SOCIETY ($635,000). 2 of them have funded it in more than one year.

Revenue FY2024
$473k
Funders on record
5
Grants received
$758k
Net assets
$342k
2/5 repeat fundersgrants exceed reported revenue in one year
01What it does

What Heartland Initiative Inc does

Program

  1. Heartland Initiative Inc. is a nonprofit practice-based research organization that promotes the fundamental rights and freedoms of people in conflict- affected and high-risk areas. Heartlands work responds to a growing need at the intersection of business and human rights, where public and private stakeholders understand that business activities can contribute to either the escalation or mitigation of conflicts and their attendant human rights violations. Through tailored learning services, Heartland works with stakeholders to develop solutions that simultaneously prevent and mitigate human rights harms while managing the heightened legal, reputational, and financial risks faced by companies and investors in conflict-affected and high-risk areas.

    $340,812 spent$473,013 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $340,812.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($203k) Expenses 100 ($317k) Net assets 100 ($153k)2018 Revenue 126 ($256k) Expenses 80 ($255k) Net assets 101 ($155k)2020 Revenue 83 ($168k) Expenses 54 ($172k) Net assets 86 ($132k)2021 Revenue 150 ($305k) Expenses 69 ($220k) Net assets 142 ($217k)2022 Revenue 141 ($287k) Expenses 79 ($251k) Net assets 165 ($253k)2023 Revenue 123 ($250k) Expenses 84 ($265k) Net assets 155 ($238k)2024 Revenue 233 ($473k) Expenses 116 ($369k) Net assets 223 ($342k)
2017201820202021202220232024
Revenue (233)Expenses (116)Net assets (223)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $256k to $611k (+138%).

$156k
$155k
$135k
$221k
$256k
$611k
$532k
2017201820202021202220232024
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

1% of Heartland Initiative Inc’s revenue is contributions — more earned-revenue than three-quarters of its peers (100% for the typical peer).

This organization
Typical peer · 4,945 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 7 reported years ran a deficit.

−$114k
’17
$1k
’18
−$3k
’20
$85k
’21
$36k
’22
−$15k
’23
$104k
’24
10
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

2017201820202021202220232024
Listed4433224
Joined·+0·+0···
No longer listed·0·0···
03Who funds it

Who funds it, year by year

2017 → 2023: the base held at 1 funder, grant income rose $5k → $420k.

1 of 5 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 1% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of Heartland Initiative Inc’s funders (the co-funder graph). Top 4 of 5 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

Heartland Initiative Inc leans on a few funders — its largest provides 84% of grant income and the top three 99%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

84%
largest funder
99%
top three
~1
effective funders

Largest funder’s share by year: 2017 100% · 2018 57% · 2019 100% · 2020 100% · 2021 86% · 2022 50% · 2023 100% — broadly stable.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

Heartland Initiative Inc draws 100% of its grant income from funders outside Indiana, across 2 states in all.

NY
DC

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Indiana out of state home

Funder states come from each funder’s own filing. $10k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

Heartland Initiative Inc runs a healthier operating margin than three-quarters of the 4,524 international nonprofits its size.

Operating margin22% · top quartile
Months of reserve10.1mo · above the median
Revenue growth (annualized)13% · above the median

this organization peer median middle 50% of peers· 4,524 international nonprofits $100k–$1M, FY2024

Organizations like Heartland Initiative Inc

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Indiana

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

92% of spending goes to programs.

Program 92%Management 8%Fundraising 0%

Governance

4
board members
75%
independent
✓Conflict-of-interest policy✓Whistleblower policy–Document retention–Board reviewed the 990–Audited financials

Public support

99%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

GA

Screen this organization

A dated, signed PDF of the compliance screen for Heartland Initiative Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds Heartland Initiative Inc?
Heartland Initiative Inc (Indiana) receives grants from 5 organizations whose IRS filings report $757,500 to it, the largest being FOUNDATION TO PROMOTE OPEN SOCIETY ($635,000). 2 of them have funded it in more than one year.
How many funders does Heartland Initiative Inc have?
IRS filings report 5 organizations giving $757,500 in grants to Heartland Initiative Inc, 2 of which have funded it in more than one year.
Who is the largest funder of Heartland Initiative Inc?
FOUNDATION TO PROMOTE OPEN SOCIETY is the largest funder on record, with $635,000 in grants. The full list of funders is on this page.
How can an organization like Heartland Initiative Inc find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Indiana. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Heartland Initiative →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 5 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing