One Heart Ministries Inc

Analysis

One Heart Ministries Inc is a registered charity in United States, based in Springfield, OH. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, One Heart Ministries Inc reported income of $201k and spending of $336k, spending 167% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $233k to $201k (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2020, when income rose by 56%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, One Heart Ministries Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within OH. Charities of a similar size with the same main cause include Honornet Inc ($201k), Encouragers Unlimited ($201k) and Tranformation of the Nations ($201k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $87k (26% of expenses). Other salaries and wages came to $34k. At year end it held assets of $131k against liabilities of $0, net assets of $131k. It reported 2 employees.