Servants Heart Ministry Corporation

Analysis

Servants Heart Ministry Corporation is a registered charity in United States, based in Wyckoff, NJ. It received its IRS tax-exemption ruling in July 2014, 12 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, Servants Heart Ministry Corporation reported income of $2.6m and spending of $1.8m, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $566k to $2.6m (+366%), an average of +47% a year. The sharpest change came in the year to December 2021, when income rose by 380%. Over the whole period it spent 48% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Servants Heart Ministry Corporation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include RLN Global Inc ($2.6m), Bright Hope International ($2.6m) and Heavens Family ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $99k (5.5% of expenses). Other salaries and wages came to $501k. It paid $43k in professional fundraising fees. At year end it held assets of $6.2m against liabilities of $82k, net assets of $6.1m. It reported 11 employees.