Heart Ministries Inc

Analysis

Heart Ministries Inc is a registered charity in United States, based in West Point, VA. It received its IRS tax-exemption ruling in September 2010, 16 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, Heart Ministries Inc reported income of $1.1m and spending of $1.0m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $978k to $1.1m (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heart Ministries Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within VA. Charities of a similar size with the same main cause include Community Store House ($1.1m), Casa Del Peregrino ($1.1m) and Animal Agriculture Alliance ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $53k (5.2% of expenses). At year end it held assets of $594k against liabilities of $0, net assets of $594k. It reported 1 employees.