Open Hearts Ministries

Analysis

Open Hearts Ministries is a registered charity in United States, based in El Dorado, AR. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Open Hearts Ministries reported income of $378k and spending of $419k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $355k to $378k (+6.5%), an average of +1.6% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 101% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Open Hearts Ministries 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 66th percentile, and in the 67th percentile within AR. Charities of a similar size with the same main cause include Harvest International Inc ($378k), Global Seed Planters ($378k) and Interweave Solutions ($377k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $17k against liabilities of $0, net assets of $17k.