Heartstream Resources

Analysis

Heartstream Resources is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in August 1993, 33 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, Heartstream Resources reported income of $83k and spending of $140k, spending 169% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $153k to $83k (-46%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 108% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Heartstream Resources sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within NC. Charities of a similar size with the same main cause include Unchained Praises ($83k), First Priority Arklatex Inc ($83k) and Save the Persecuted Christians Inc ($83k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $23k (16% of expenses). Other salaries and wages came to $23k. At year end it held assets of $92k against liabilities of $0, net assets of $92k.