Turning Hearts Ministries International Inc

Analysis

Turning Hearts Ministries International Inc is a registered charity in United States, based in Mint Hill, NC. It received its IRS tax-exemption ruling in August 2019, 7 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, Turning Hearts Ministries International Inc reported income of $315k and spending of $303k, spending 96% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $239k to $315k (+32%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Turning Hearts Ministries International Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include Lakeview Christian Camp Association ($315k), Fossores ($315k) and Life Impact for Eternity International Inc ($315k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $139k (46% of expenses). At year end it held assets of $33k against liabilities of $0, net assets of $33k. It reported 2 employees.