Heart of Titus Ministries Inc

Analysis

Heart of Titus Ministries Inc is a registered charity in United States, based in Winter Garden, FL. It received its IRS tax-exemption ruling in May 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 2022, Heart of Titus Ministries Inc reported income of $62k and spending of $189k, spending 305% of what it took in. Across the 3 years on record, from December 2019 to December 2022, income fell from $82k to $62k (-24%), an average of -13% a year. The sharpest change came in the year to December 2020, when income rose by 56%. Over the whole period it spent 176% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Heart of Titus Ministries Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 28th percentile within FL. Charities of a similar size with the same main cause include Althea International Ministries Inc ($62k), Assembleia de Deus Vida Em Cristo Corp ($62k) and Lumbini Buddha Dhamma Society ($62k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 96% of the total. At year end it held assets of $224k against liabilities of $6,594, net assets of $217k.

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.