Caring for the Heart Ministries

Analysis

Caring for the Heart Ministries is a registered charity in United States, based in Colorado Springs, CO. It received its IRS tax-exemption ruling in May 2007, 19 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, Caring for the Heart Ministries reported income of $259k and spending of $214k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $194k to $259k (+33%), an average of +7.5% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 86% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Caring for the Heart Ministries sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within CO. Charities of a similar size with the same main cause include Whitefield Project ($259k), Ocala United Inc ($259k) and The Exchange ($259k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $49k (23% of expenses). Other salaries and wages came to $61k. At year end it held assets of $304k against liabilities of $1,740, net assets of $302k. It reported 4 employees.