Connected Hearts Ministry

Analysis

Connected Hearts Ministry is a registered charity in United States, based in North Augusta, SC. It received its IRS tax-exemption ruling in May 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Connected Hearts Ministry reported income of $285k and spending of $246k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $279k to $285k (+2.1%), an average of +0.5% a year. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Connected Hearts Ministry sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within SC. Charities of a similar size with the same main cause include Little Stevens Policemans Ball Inc ($285k), Mikeys Way Foundation ($285k) and JCC Global USA Inc ($285k).

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 $48k (19% of expenses). At year end it held assets of $273k against liabilities of $0, net assets of $273k.