Heart for the World Ministries

Analysis

Heart for the World Ministries is a registered charity in United States, based in El Paso, TX. It received its IRS tax-exemption ruling in September 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 June 2023, Heart for the World Ministries reported income of $421k and spending of $281k, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $197k to $421k (+114%), an average of +21% a year. The sharpest change came in the year to June 2021, when income rose by 53%. Over the whole period it spent 80% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Heart for the World Ministries sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Shri Shirdi Saibaba Temple of Rockies ($421k), Wild Horse Ministries Inc ($421k) and Becoming Foundation Inc ($421k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $90k (32% of expenses). Other salaries and wages came to $16k. At year end it held assets of $419k against liabilities of $19k, net assets of $399k. It reported 3 employees.