Healing Thine Hearts Ministries

Analysis

Healing Thine Hearts Ministries is a registered charity in United States, based in Prosper, TX. It received its IRS tax-exemption ruling in November 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Healing Thine Hearts Ministries reported income of $218k and spending of $273k, spending 125% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $231k to $218k (-5.6%), an average of -2.8% a year. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Healing Thine Hearts Ministries 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 56th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include Rollstone Foundation Inc ($218k), Shelburne Food Shelf Inc ($218k) and Partners in Outreach ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $57k (21% of expenses). At year end it held assets of $172k against liabilities of $121k, net assets of $51k. It reported 2 employees.