Hartstone Bible Conference

Analysis

Hartstone Bible Conference is a registered charity in United States, based in Potter Valley, CA. It received its IRS tax-exemption ruling in May 1973, 53 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hartstone Bible Conference reported income of $1.0m and spending of $683k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $457k to $1.0m (+122%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hartstone Bible Conference sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include San Antonio Christian Dental Clinic Inc ($1.0m), Carole and Ronald Krist Samaritan Counseling Center ($1.0m) and Laughlin Memorial Free Library ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 51% of the total. Other salaries and wages came to $251k. At year end it held assets of $1.6m against liabilities of $150k, net assets of $1.5m. It reported 27 employees.