Heart of a Man Inc

Analysis

Heart of a Man Inc is a registered charity in United States, based in Carmel, IN. It received its IRS tax-exemption ruling in December 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, Heart of a Man Inc reported income of $448k and spending of $415k, spending 93% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $198k to $448k (+126%), an average of +50% a year. The sharpest change came in the year to December 2022, when income rose by 76%. 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, Heart of a Man Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IN. Charities of a similar size with the same main cause include Oxfords Interfaith Compassion Ministry ($448k), Sky Corral ($448k) and Apostles Continuation Church Inc ($448k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $211k (51% of expenses). At year end it held assets of $84k against liabilities of $1,979, net assets of $82k. It reported 2 employees.