A Ministry of the Heart Inc

Analysis

A Ministry of the Heart Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in September 1994, 32 years ago. 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, A Ministry of the Heart Inc reported income of $159k and spending of $132k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $120k to $159k (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, A Ministry of the Heart Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within TN. Charities of a similar size with the same main cause include Grace Ministries ($159k), Institute of Classical Architecture and Art Inc ($159k) and PTA California Congress of Parents Teachers & Students Inc ($159k).

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 $103k (78% of expenses). At year end it held assets of $162k against liabilities of $0, net assets of $162k. It reported 1 employees.