Ransomed Heart Ministries

Analysis

Ransomed Heart Ministries is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in May 2001, 25 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, Ransomed Heart Ministries reported income of $6.9m and spending of $7.2m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.5m to $6.9m (+53%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ransomed Heart Ministries sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CO. Charities of a similar size with the same main cause include Kupas Yom Tov Inc ($6.9m), Jewish Community Center of ($6.9m) and Americas Keswick ($6.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.7% of the total. Compensation of current officers, directors and key employees was $1.7m (24% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $4.0m against liabilities of $115k, net assets of $3.9m. It reported 20 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.