Heart Ministry Center Inc

Analysis

Heart Ministry Center Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 June 2023, Heart Ministry Center Inc reported income of $10.7m and spending of $11.3m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.6m to $10.7m (+134%), an average of +24% a year. The sharpest change came in the year to June 2020, when income rose by 80%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heart Ministry Center Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within NE. Charities of a similar size with the same main cause include Lund Family Center Inc ($10.7m), The Capital Area Agency on Aging ($10.7m) and Child Nutrition Program Inc ($10.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $139k (1.2% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $7.5m against liabilities of $399k, net assets of $7.1m. It reported 59 employees.