True Hearts Inc

Analysis

True Hearts Inc is a registered charity in United States, based in Claremore, OK. It received its IRS tax-exemption ruling in March 2022, 4 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, True Hearts Inc reported income of $95k and spending of $113k, spending 119% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $138k to $95k (-32%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 84% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, True Hearts Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within OK. Charities of a similar size with the same main cause include Providing Life Ministries Inc ($95k), Biblical Concepts in Counseling of Wyoming Inc ($95k) and Montgomery Ministries Inc ($95k).

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 $60k against liabilities of $0, net assets of $60k.