Healing Hearts Ministries International

Analysis

Healing Hearts Ministries International is a registered charity in United States, based in Rio Rancho, NM. It received its IRS tax-exemption ruling in May 1993, 33 years ago. 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 June 2024, Healing Hearts Ministries International reported income of $341k and spending of $368k, spending 108% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $344k to $341k (-1.0%), an average of -0.2% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Healing Hearts Ministries International sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within NM. Charities of a similar size with the same main cause include Big Sister League Residency Inc ($341k), Rochester Community House Inc ($341k) and Christ Lutheran Church Foundation Inc ($341k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 54% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $50k (14% of expenses). Other salaries and wages came to $156k. At year end it held assets of $451k against liabilities of $1,859, net assets of $449k. It reported 5 employees.