Awakened Heart Project

Analysis

Awakened Heart Project is a registered charity in United States, based in Olivebridge, NY. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Awakened Heart Project reported income of $218k and spending of $219k, spending 101% of its income. Across the 3 years on record, from December 2019 to December 2022, income fell from $301k to $218k (-28%), an average of -15% a year. The sharpest change came in the year to December 2021, when income dropped by 43%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Awakened Heart Project sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Duke Ministry for Christ ($218k), The Octet Collaborative Inc ($218k) and International Love Ministries Inc ($217k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 54% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $50k (23% of expenses). At year end it held assets of $38k against liabilities of $239k, net assets of -$201k. It reported 1 employees.