Heart Change Ministries Inc

Analysis

Heart Change Ministries Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in February 2024, 2 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Heart Change Ministries Inc reported income of $807k and spending of $275k, leaving 66% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $411k to $807k (+96%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 205%. Over the whole period it spent 29% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heart Change Ministries Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within IN. Charities of a similar size with the same main cause include Haven Youth and Family Services ($807k), West Chester Area Senior Center ($807k) and Joy International Incorporated ($807k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% and program service revenue 3.7% of the total. Other salaries and wages came to $153k. At year end it held assets of $4.2m against liabilities of $27k, net assets of $4.1m. It reported 12 employees.