Heritage Ministries Inc

Analysis

Heritage Ministries Inc is a registered charity in United States, based in Lynch, KY. 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, Heritage Ministries Inc reported income of $317k and spending of $320k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $241k to $317k (+32%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Heritage Ministries Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within KY. Charities of a similar size with the same main cause include A W Gayatri Pariwar Houston ($317k), Quick Daf ($317k) and Ilmstitute Inc ($317k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $22k. At year end it held assets of $122k against liabilities of $0, net assets of $122k.