Turning Hearts Ministries Inc

Analysis

Turning Hearts Ministries Inc is a registered charity in United States, based in Ashville, AL. It received its IRS tax-exemption ruling in January 2005, 21 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 May 2024, Turning Hearts Ministries Inc reported income of $81k and spending of $84k, spending 105% of its income. Across the 3 years on record, from May 2022 to May 2024, income fell from $104k to $81k (-22%), an average of -12% a year. The sharpest change came in the year to May 2023, when income dropped by 16%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Turning Hearts Ministries Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within AL. Charities of a similar size with the same main cause include Association of Christian Executives Inc ($81k), Iglesia de Dios Aguas En El Desierto ($81k) and Gracepoint Resource Center LLC ($81k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $99k against liabilities of $390, net assets of $98k.