Hearts on Fire Ministries Inc

Analysis

Hearts on Fire Ministries Inc is a registered charity in United States, based in Sevierville, TN. It received its IRS tax-exemption ruling in July 2010, 16 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hearts on Fire Ministries Inc reported income of $761k and spending of $630k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $686k to $761k (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2022, when income rose by 1337%. Over the whole period it spent 104% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hearts on Fire Ministries Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within TN. Charities of a similar size with the same main cause include Royal Corporation ($761k), Murid Islamic Community of America Inc ($761k) and Kings Harvest Inc ($761k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.2% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $34k (5.4% of expenses). Other salaries and wages came to $88k. At year end it held assets of $352k against liabilities of $0, net assets of $352k. It reported 2 employees.