Wholehearted Ministries

Analysis

Wholehearted Ministries is a registered charity in United States, based in Primm Springs, TN. It received its IRS tax-exemption ruling in May 2020, 6 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 2022, Wholehearted Ministries reported income of $73k and spending of $128k, spending 174% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income grew from $4,329 to $73k (+1596%), an average of +312% a year. The sharpest change came in the year to December 2021, when income rose by 3977%. Over the whole period it spent 61% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Wholehearted Ministries sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within TN. Charities of a similar size with the same main cause include Word of Faith Christian Center of Lehigh Valley ($73k), Haitian Apostolate Inc ($73k) and Oasis Youth Ministries ($73k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 108% of the total. At year end it held assets of $99k against liabilities of $87, net assets of $99k.