Reaching Hearts International Inc

Analysis

Reaching Hearts International Inc is a registered charity in United States, based in Laurel, MD. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Reaching Hearts International Inc reported income of $1.1m and spending of $1.1m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $1.1m (-0.9%), an average of -0.2% a year. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Reaching Hearts International Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MD. Charities of a similar size with the same main cause include Faith and Reason Institute ($1.1m), Disciple Makers Network ($1.1m) and Order of Malta Pilgrimage Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $3,086 (0.3% of expenses). At year end it held assets of $4.8m against liabilities of $55k, net assets of $4.8m.