Heartstone Ministries

Analysis

Heartstone Ministries is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Heartstone Ministries reported income of $100k and spending of $92k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $174k to $100k (-42%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Heartstone Ministries sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within AZ. Charities of a similar size with the same main cause include Great Lakes Biomimicry Inc ($100k), J T Mitchell Pre-Apprenticeship Academy ($101k) and Venture Carolina ($100k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $9,649 against liabilities of $0, net assets of $9,649.