Heartlight Ministries Foundation

Analysis

Heartlight Ministries Foundation is a registered charity in United States, based in Longview, TX. It received its IRS tax-exemption ruling in November 2005, 21 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2023, Heartlight Ministries Foundation reported income of $1.7m and spending of $2.2m, spending 134% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $1.7m (+2.4%), an average of +0.6% a year. The sharpest change came in the year to June 2020, when income rose by 33%. Over the whole period it spent 116% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Heartlight Ministries Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Camp Tamarack ($1.7m), Camp Fire ($1.7m) and Uncommon Construction Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $312k (14% of expenses). Other salaries and wages came to $259k. At year end it held assets of $5.1m against liabilities of $1.7m, net assets of $3.4m. It reported 7 employees.