New Heart Ministries

Analysis

New Heart Ministries is a registered charity in United States, based in Saline, LA. It received its IRS tax-exemption ruling in November 1984, 42 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, New Heart Ministries reported income of $189k and spending of $174k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $149k to $189k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Heart Ministries sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within LA. Charities of a similar size with the same main cause include Parent Booster USA Inc ($189k), Volunteers of America Inc ($189k) and Greencastle-Antrim Baseball Softbal L Assoc ($189k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $283k against liabilities of $0, net assets of $283k.