Heartsong Ministries

Analysis

Heartsong Ministries is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Heartsong Ministries reported income of $70k and spending of $85k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $74k to $70k (-5.6%), an average of -5.6% a year. Over the whole period it spent 116% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Heartsong Ministries sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within TX. Charities of a similar size with the same main cause include Garner-Hayfield Community School District Education Foundation ($70k), Mother Lode Adventist Junior Academy Endowment Foundation ($70k) and Sunbelt Rentals Employee Relief Fund ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $7,681 against liabilities of $0, net assets of $7,681.