Heartbeat International Ministries Inc

Analysis

Heartbeat International Ministries Inc is a registered charity in United States, based in Greenwich, CT. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Heartbeat International Ministries Inc reported income of $165k and spending of $179k, spending 108% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $114k to $165k (+45%), an average of +7.7% a year. The sharpest change came in the year to December 2022, when income rose by 247%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heartbeat International Ministries Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within CT. Charities of a similar size with the same main cause include Temple Christian Outreach Inc ($165k), Angels Havens Horse Rescue Inc ($165k) and Kirkwood Kares Inc ($165k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.6% of the total. At year end it held assets of $248k against liabilities of $0, net assets of $248k.