Heart Shot Ministry Inc

Analysis

Heart Shot Ministry Inc is a registered charity in United States, based in Donahue, IA. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Heart Shot Ministry Inc reported income of $114k and spending of $196k, spending 172% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $267k to $114k (-57%), an average of -25% a year. The sharpest change came in the year to December 2021, when income dropped by 72%. Over the whole period it spent 76% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Heart Shot Ministry Inc sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within IA. Charities of a similar size with the same main cause include Dearborn Soccer Club ($114k), Furuya Foundation ($114k) and Camp St Andrews Inc ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $28k (14% of expenses). At year end it held assets of $478k against liabilities of $334k, net assets of $144k.