Heart of Texas

Analysis

Heart of Texas is a registered charity in United States, based in Brownwood, TX. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Heart of Texas reported income of $1.1m and spending of $821k, leaving 23% of income unspent that year. Across the 4 years on record, from September 2019 to September 2023, income grew from $720k to $1.1m (+49%), an average of +14% a year. The sharpest change came in the year to September 2021, when income rose by 31%. Over the whole period it spent 81% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Heart of Texas 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 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include American Atheists Inc ($1.1m), Camp Oakhurst Inc ($1.1m) and Warriors Journey ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 39% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $88k (11% of expenses). Other salaries and wages came to $231k. At year end it held assets of $5.2m against liabilities of $43k, net assets of $5.2m. It reported 40 employees.