Children at Heart Ministries

Analysis

Children at Heart Ministries is a registered charity in United States, based in Round Rock, TX. It received its IRS tax-exemption ruling in January 2006, 20 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, Children at Heart Ministries reported income of $5.0m and spending of $4.5m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.8m to $5.0m (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Children at Heart Ministries 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 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include All Hazards Consortium Inc ($5.0m), Lott Industries Inc ($5.0m) and Kids Incorporated of the Big Bend ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $963k (22% of expenses). Other salaries and wages came to $975k. At year end it held assets of $3.1m against liabilities of $352k, net assets of $2.7m. It reported 26 employees.