Rubys Heart

Analysis

Rubys Heart is a registered charity in United States, based in North Branch, MN. It received its IRS tax-exemption ruling in May 2003, 23 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 2022, Rubys Heart reported income of $41.6m and spending of $40.8m, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $41.2m to $41.6m (+0.8%), an average of +0.3% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Rubys Heart sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within MN. Charities of a similar size with the same main cause include Hosanna ($41.5m), Cityteam Ministries ($41.9m) and Kentucky Refugee Ministries Inc ($40.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $101k (0.2% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $26.9m against liabilities of $7.0m, net assets of $19.9m. It reported 73 employees.