Heart Reach Neighborhood Ministries

Analysis

Heart Reach Neighborhood Ministries is a registered charity in United States, based in Youngstown, OH. It received its IRS tax-exemption ruling in August 1964, 62 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 2023, Heart Reach Neighborhood Ministries reported income of $705k and spending of $762k, spending 108% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $526k to $705k (+34%), an average of +6.1% a year. The sharpest change came in the year to December 2020, when income rose by 110%. 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, Heart Reach Neighborhood Ministries sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within OH. Charities of a similar size with the same main cause include Lenox Hill Bikur Cholim Inc ($704k), Preambula Group ($705k) and One Voice Student Missions ($704k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $54k (7.1% of expenses). Other salaries and wages came to $243k. At year end it held assets of $476k against liabilities of $126k, net assets of $350k. It reported 27 employees.