Open Hearts Ministry Inc

Analysis

Open Hearts Ministry Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in March 1996, 30 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, Open Hearts Ministry Inc reported income of $135k and spending of $155k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $126k to $135k (+6.8%), an average of +6.8% a year. Over the whole period it spent 111% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Open Hearts Ministry Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within MI. Charities of a similar size with the same main cause include Silent Observer ($135k), Safe Haven Ministries ($135k) and Lynnwood Rotary Community Foundation ($135k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 55% of the total. At year end it held assets of $22k against liabilities of $1,554, net assets of $21k.