Hearts and Homes Ministries Inc

Analysis

Hearts and Homes Ministries Inc is a registered charity in United States, based in Cranbury, NJ. It received its IRS tax-exemption ruling in July 2023, 3 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Hearts and Homes Ministries Inc reported income of $55k and spending of $35k, leaving 36% of income unspent that year. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hearts and Homes Ministries Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 28th percentile within NJ. Charities of a similar size with the same main cause include Hope Kids Ny Inc ($55k), El Paso Gun and Marksmanship ($55k) and Hunt County Kids Inc ($55k).

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 $77k against liabilities of $535, net assets of $76k.