Changing Hearts Boarding School and Ministries

Analysis

Changing Hearts Boarding School and Ministries is a registered charity in United States, based in Mars Hill, NC. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Changing Hearts Boarding School and Ministries reported income of $829k and spending of $836k, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $447k to $829k (+85%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Changing Hearts Boarding School and Ministries sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include Bluegrass Community & Technical College Foundation Inc ($829k), The Education Exchange Inc ($829k) and Central Arkansas Library System Foundation ($828k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $48k (5.7% of expenses). Other salaries and wages came to $185k. At year end it held assets of $97k against liabilities of $81k, net assets of $15k. It reported 6 employees.