Heartland Christain Tower Inc

Analysis

Heartland Christain Tower Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Heartland Christain Tower Inc reported income of $527k and spending of $577k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $439k to $527k (+20%), an average of +4.7% a year. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Heartland Christain Tower Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within TN. Charities of a similar size with the same main cause include Dwell ($527k), Providence Manor Development Corporation ($527k) and Groton Affordable Housing Inc ($527k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 52% of the total. At year end it held assets of $3.6m against liabilities of $5.3m, net assets of -$1.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.