Heartlife Ministries Inc

Analysis

Heartlife Ministries Inc is a registered charity in United States, based in Frankfort, IL. It received its IRS tax-exemption ruling in May 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, Heartlife Ministries Inc reported income of $245k and spending of $254k, spending 104% of its income. Across the 2 years on record, from December 2021 to December 2023, income fell from $279k to $245k (-12%), an average of -12% a year. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heartlife Ministries Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within IL. Charities of a similar size with the same main cause include Oroville Hope Center ($245k), Laredo Life Center ($245k) and Mi Work Matters ($245k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Other salaries and wages came to $136k. At year end it held assets of $49k against liabilities of $1,477, net assets of $47k. It reported 3 employees.