Heart of the City Ministries

Analysis

Heart of the City Ministries is a registered charity in United States, based in Anoka, MN. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Heart of the City Ministries reported income of $262k and spending of $259k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $210k to $262k (+25%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Heart of the City Ministries 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 59th percentile, and in the 58th percentile within MN. Charities of a similar size with the same main cause include Killeen Christian Broadcasting Corporation ($262k), Agricultural Missions Inc ($262k) and Loving Individuals Generatinghealing Today ($262k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $76k (29% of expenses). At year end it held assets of $87k against liabilities of $5,506, net assets of $81k. It reported 3 employees.