Abbas Heart Ministries Inc

Analysis

Abbas Heart Ministries Inc is a registered charity in United States, based in Kingsburg, CA. It received its IRS tax-exemption ruling in August 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 December 2023, Abbas Heart Ministries Inc reported income of $1.4m and spending of $1.1m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.4m (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Abbas Heart Ministries Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Timothy International ($1.4m), Leadership Transformations Inc ($1.4m) and Downline Ministries ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $70k (6.6% of expenses). Other salaries and wages came to $207k. At year end it held assets of $1.7m against liabilities of $1.1m, net assets of $573k. It reported 6 employees.