Servants Hearts Ministries Inc

Analysis

Servants Hearts Ministries Inc is a registered charity in United States, based in Snyder, TX. It received its IRS tax-exemption ruling in February 2008, 18 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, Servants Hearts Ministries Inc reported income of $278k and spending of $245k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $315k to $278k (-12%), an average of -3.1% a year. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Servants Hearts Ministries Inc 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 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Rising Above Ministries ($278k), Abraham Blessing Ministries ($278k) and His Way Resources Inc ($278k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $42k (17% of expenses). At year end it held assets of $210k against liabilities of $8,217, net assets of $202k.