New Heart of Texas Ministries LLC

Analysis

New Heart of Texas Ministries LLC is a registered charity in United States, based in Cypress, TX. It received its IRS tax-exemption ruling in December 2013, 13 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, New Heart of Texas Ministries LLC reported income of $454k and spending of $227k, leaving 50% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $393k to $454k (+16%), an average of +7.5% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 55% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Heart of Texas Ministries LLC sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include MJ Dubbeld Ministries ($454k), Ablaze Ministries Inc ($455k) and Cornelius Connection International ($454k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 22% of the total. At year end it held assets of $1.3m against liabilities of $570k, net assets of $774k.