Global Heart Ministries Inc

Analysis

Global Heart Ministries Inc is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in May 2011, 15 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, Global Heart Ministries Inc reported income of $790k and spending of $1.1m, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $790k (-29%), an average of -8.2% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Global Heart Ministries Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Hispanic Affairs Project ($790k), Soar for Youth ($791k) and Child Advocates Endowment Inc ($790k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $115k (11% of expenses). Other salaries and wages came to $404k. It paid $75k in professional fundraising fees. At year end it held assets of $330k against liabilities of $77k, net assets of $253k. It reported 9 employees.