Heart of Texas Foundation College of Ministry

Analysis

Heart of Texas Foundation College of Ministry is a registered charity in United States, based in Bellville, TX. It received its IRS tax-exemption ruling in December 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, Heart of Texas Foundation College of Ministry reported income of $858k and spending of $649k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $858k (-24%), an average of -6.6% a year. The sharpest change came in the year to December 2020, when income dropped by 45%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heart of Texas Foundation College of Ministry sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Michigan Farmers Market Association ($858k), Warwick Day Care Center Inc ($858k) and Carepartners Adult Day Center Inc ($858k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $237k. At year end it held assets of $2.2m against liabilities of $56k, net assets of $2.2m. It reported 4 employees.