Caring Hearts Ministry Inc

Analysis

Caring Hearts Ministry Inc is a registered charity in United States, based in Cranberry TWP, PA. It received its IRS tax-exemption ruling in February 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, Caring Hearts Ministry Inc reported income of $680k and spending of $588k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $528k to $680k (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 90% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Caring Hearts Ministry Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within PA. Charities of a similar size with the same main cause include Good Soil Partners Inc ($679k), Global Intercultural Resources Inc ($680k) and Giving Exchange ($679k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $39k. At year end it held assets of $1.2m against liabilities of $7,430, net assets of $1.2m.