Heartlight Inc Barry Alexander

Analysis

Heartlight Inc Barry Alexander is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in September 1997, 29 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, Heartlight Inc Barry Alexander reported income of $392k and spending of $378k, spending 96% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $334k to $392k (+17%), an average of +8.3% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 74% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Heartlight Inc Barry Alexander sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include Antioch Missionary Baptist Church of Pompano Inc ($392k), Iglesia Pentecostal Bethel de Gainesville Inc ($392k) and Movimiento de Misioneros Catolicos Inc ($392k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $144k (38% of expenses). At year end it held assets of $531k against liabilities of $69k, net assets of $462k. It reported 2 employees.