Heart of Shalom Ministries

Analysis

Heart of Shalom Ministries is a registered charity in United States, based in McKinney, TX. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Heart of Shalom Ministries reported income of $239k and spending of $246k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $217k to $239k (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2022, when income dropped by 26%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Heart of Shalom Ministries sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include The Good Call Ministries ($239k), New Hope Correctional Ministry ($239k) and Society of the National Shrine of the Bill of Rights at St Pauls ($239k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $169k. At year end it held assets of $16k against liabilities of $0, net assets of $16k.