Burning Hearts Inc

Analysis

Burning Hearts Inc is a registered charity in United States, based in Newport Beach, CA. It received its IRS tax-exemption ruling in February 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, Burning Hearts Inc reported income of $132k and spending of $122k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $130k to $132k (+1.2%), an average of +1.2% a year. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Burning Hearts Inc sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 46th percentile within CA. Charities of a similar size with the same main cause include Midwest Torah Center Corporation ($132k), Maranatha Voice Ministries ($132k) and God Changing Life Ministries Inc ($132k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. At year end it held assets of $160k against liabilities of $6,031, net assets of $154k.