Heart and Home Ministries Inc

Analysis

Heart and Home Ministries Inc is a registered charity in United States, based in Waxahachie, TX. It received its IRS tax-exemption ruling in November 1999, 27 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Heart and Home Ministries Inc reported income of $132k and spending of $118k, spending 89% of its income. Across the 4 years on record, from December 2018 to December 2023, income fell from $285k to $132k (-54%), an average of -23% a year. The sharpest change came in the year to December 2022, when income dropped by 80%. Over the whole period it spent 105% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Heart and Home Ministries Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 47th percentile within TX. Charities of a similar size with the same main cause include Bridge Ministries ($132k), Global Mission Alliance Inc ($132k) and Calvary West Missionary Baptist Church ($132k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. At year end it held assets of $40k against liabilities of $0, net assets of $40k.