Cheerful Hearts Ministry Inc

Analysis

Cheerful Hearts Ministry Inc is a registered charity in United States, based in Eatonton, GA. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cheerful Hearts Ministry Inc reported income of $156k and spending of $148k, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $119k to $156k (+31%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cheerful Hearts Ministry Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 51st percentile within GA. Charities of a similar size with the same main cause include Fladt Lehman Memorial Trust ($156k), Iglesian de Restauracion Inc Mision Elim Internacional ($156k) and Mt Zion Baptist Church of South Sebastian County Ar ($156k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $29k against liabilities of $0, net assets of $29k.