Hearts for Ghana Mission Inc

Analysis

Hearts for Ghana Mission Inc is a registered charity in United States, based in The Colony, TX. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Hearts for Ghana Mission Inc reported income of $106k and spending of $99k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $76k to $106k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 102% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hearts for Ghana Mission Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 41st percentile within TX. Charities of a similar size with the same main cause include Project 1151 ($106k), American Friends of Keser Bnai Torah ($106k) and Agape Project International USA ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $34k against liabilities of $0, net assets of $34k.