New Heart Music Ministries

Analysis

New Heart Music Ministries is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in November 1999, 27 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, New Heart Music Ministries reported income of $707k and spending of $729k, spending 103% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $625k to $707k (+13%), an average of +2.5% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Heart Music Ministries sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Sri Guru Singh Sabha Inc ($707k), Timothy Two Project International ($707k) and Guruji Edison Mandir Sevadars ($707k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $127k (17% of expenses). Other salaries and wages came to $285k. At year end it held assets of $2.0m against liabilities of $330, net assets of $2.0m. It reported 10 employees.