Healing Hearts Ministries

Analysis

Healing Hearts Ministries is a registered charity in United States, based in Uppr Marlboro, MD. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Healing Hearts Ministries reported income of $290k and spending of $99k, leaving 66% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income fell from $344k to $290k (-16%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 16%. Over the whole period it spent 46% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Healing Hearts Ministries sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MD. Charities of a similar size with the same main cause include Forge Men Inc ($290k), New Life Ministries Inc ($290k) and Cathedral of the Sacred Heart Foundation ($289k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $116k against liabilities of $0, net assets of $116k.