Heart Soul Mind Strength Inc

Analysis

Heart Soul Mind Strength Inc is a registered charity in United States, based in Warsaw, IN. It received its IRS tax-exemption ruling in February 1964, 62 years ago. 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 Soul Mind Strength Inc reported income of $444k and spending of $101k, leaving 77% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $199k to $444k (+124%), an average of +124% a year. The sharpest change came in the year to December 2023, when income rose by 124%. Over the whole period it spent 20% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Heart Soul Mind Strength Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IN. Charities of a similar size with the same main cause include Health Occupations Students of America ($444k), Habitat for Humanity International Inc ($444k) and Lutheran Non-Profit Housing Corp Ann Arbor-Sequoia Place ($444k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $13k (13% of expenses). At year end it held assets of $659k against liabilities of $3,727, net assets of $656k.