Converting Hearts Ministries Inc

Analysis

Converting Hearts Ministries Inc is a registered charity in United States, based in Creedmoor, NC. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Converting Hearts Ministries Inc reported income of $357k and spending of $312k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $155k to $357k (+131%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 35%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Converting Hearts Ministries Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within NC. Charities of a similar size with the same main cause include Peggie and Paul Shevlin Family Foundation ($357k), Cancer Freeze Inc ($357k) and The International Marce Society ($357k).

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 $139k. At year end it held assets of $368k against liabilities of $3,734, net assets of $364k. It reported 6 employees.