Hart Felt Ministries Inc

Analysis

Hart Felt Ministries Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Hart Felt Ministries Inc reported income of $883k and spending of $815k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $323k to $883k (+173%), an average of +29% a year. The sharpest change came in the year to December 2021, when income rose by 151%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hart Felt Ministries Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Boulanger Foundation Inc ($883k), Halcyon Home for Battered Women Inc ($884k) and HCFN Title Holding Corporation ($883k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $118k (15% of expenses). Other salaries and wages came to $137k. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m. It reported 5 employees.