Heart Missionary Training Institute Inc

Analysis

Heart Missionary Training Institute Inc is a registered charity in United States, based in Lake Wales, FL. It received its IRS tax-exemption ruling in June 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Heart Missionary Training Institute Inc reported income of $318k and spending of $267k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $217k to $318k (+47%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heart Missionary Training Institute Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Sycamore Athletic Boosters Association ($318k), Grace Network ($318k) and Indiana Sports Outreach Inc ($318k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 6.9% of the total. Other salaries and wages came to $137k. At year end it held assets of $46k against liabilities of $9, net assets of $46k. It reported 9 employees.