Heart Ministries Inc

Analysis

Heart Ministries Inc is a registered charity in United States, based in Hutchinson, KS. It received its IRS tax-exemption ruling in March 1972, 54 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Heart Ministries Inc reported income of $889k and spending of $916k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $794k to $889k (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heart Ministries Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within KS. Charities of a similar size with the same main cause include Institute for Ecological Civilization ($889k), Hunter College High School Parents Teachers Association ($889k) and Garden School ($888k).

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 $40k (4.4% of expenses). Other salaries and wages came to $568k. At year end it held assets of $1.6m against liabilities of $194k, net assets of $1.4m. It reported 29 employees.