Matthew 25 40 Heartside Inc

Analysis

Matthew 25 40 Heartside Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in January 1993, 33 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Matthew 25 40 Heartside Inc reported income of $632k and spending of $654k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $470k to $632k (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2020, when income rose by 114%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Matthew 25 40 Heartside Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MI. Charities of a similar size with the same main cause include Bread of Life Mission Inc ($632k), Cumberland Communities Communications Corporation ($632k) and Franconia Childrens Center Inc ($632k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 7.9% of the total. Compensation of current officers, directors and key employees was $57k (8.7% of expenses). Other salaries and wages came to $275k. At year end it held assets of $1.5m against liabilities of $19k, net assets of $1.5m. It reported 14 employees.