Masters Heart Ministries

Analysis

Masters Heart Ministries is a registered charity in United States, based in West Fargo, ND. It received its IRS tax-exemption ruling in May 2008, 18 years ago. 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, Masters Heart Ministries reported income of $418k and spending of $399k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $274k to $418k (+52%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 73%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Masters Heart Ministries sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 64th percentile within ND. Charities of a similar size with the same main cause include Community Assistance League Incorporated ($418k), Fern Goff Charitable Trust ($418k) and St Marys Fransican Shelter for Homeless Families ($418k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $146k against liabilities of $0, net assets of $146k.