Heart Change Ministries Inc
Heart Change Ministries Inc shows strong asset growth and low liabilities, but lacks reported officer compensation.
EIN: 10877614 · Indianapolis, IN · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $275K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $4.1M |
| Transparency Score | 85/100 |
Is Heart Change Ministries Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Heart Change Ministries Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Heart Change Ministries Inc
Heart Change Ministries Inc (EIN: 10877614) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code P20. The organization reported total revenue of $1.5M and total assets of $5.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heart Change Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heart Change Ministries Inc is a mid-size nonprofit that has been operating for 2 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 21.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $807K |
| Total Expenses | $275K |
| Surplus / Deficit | +$532K |
| Total Assets | $4.2M |
| Total Liabilities | $27K |
| Net Assets | $4.1M |
| Operating Margin | 66.0% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 181.9 months |
Financial Health Grade: A
In 2023, Heart Change Ministries Inc reported a surplus of $532K with revenue exceeding expenses, holds 181.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Heart Change Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 21.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.6% | +76.8% | +7.9% |
| 2022 | -8.8% | -35.5% | +23.5% |
| 2021 | +204.5% | +45.0% | +77.2% |
| 2020 | -6.3% | -37.3% | +15.2% |
| 2019 | -22.3% | +13.7% | +10.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2024 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Heart Change Ministries Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Heart Change Ministries Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $532K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.7%.
Executive Compensation Analysis
Heart Change Ministries Inc consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size with assets exceeding $5 million. This either indicates that executive leadership is entirely volunteer-based, or that compensation is reported under other expense categories, which would reduce transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Heart Change Ministries Inc's IRS 990 filings:
- Consistent 0% reported officer compensation, potentially indicating lack of transparency in executive remuneration.
- Lack of detailed functional expense breakdown in provided data, making precise spending efficiency analysis difficult.
Strengths
The following positive indicators were identified for Heart Change Ministries Inc:
- Strong asset growth, increasing from $192,329 in 2014 to $5,150,636 in the latest period.
- Consistently low liabilities, indicating sound financial management and minimal debt (e.g., $27,286 in 2023).
- Expenses consistently well below revenue in most recent years, allowing for significant asset accumulation (e.g., 2023 revenue $807,006 vs. expenses $274,599).
- Demonstrated financial resilience with fluctuating revenues but continuous asset building.
Frequently Asked Questions about Heart Change Ministries Inc
Is Heart Change Ministries Inc a legitimate charity?
Heart Change Ministries Inc (EIN: 10877614) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $1.5M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Heart Change Ministries Inc spend its money?
Heart Change Ministries Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Heart Change Ministries Inc tax-deductible?
Heart Change Ministries Inc is registered as a tax-exempt nonprofit (EIN: 10877614). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Heart Change Ministries Inc CEO make?
Heart Change Ministries Inc's highest-compensated officer earns $5 annually. The organization reported $1.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Heart Change Ministries Inc's spending goes to programs?
Heart Change Ministries Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Heart Change Ministries Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Heart Change Ministries Inc is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Heart Change Ministries Inc located?
Heart Change Ministries Inc is headquartered in Indianapolis, Indiana and files with the IRS under EIN 10877614. It is classified under NTEE code P20.
How many years of IRS 990 filings does Heart Change Ministries Inc have?
Heart Change Ministries Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.5M in total revenue.
How does Heart Change Ministries Inc compensate its executive leadership if officer compensation is consistently reported as 0%?
The IRS 990 filings consistently show 0% officer compensation. This could mean executives are volunteers, or their compensation is categorized differently, which would require further clarification from the organization for full transparency.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data only gives total expenses. A detailed functional expense breakdown is needed to accurately assess the proportion of spending dedicated to programs versus administrative and fundraising activities.
Why did revenue fluctuate significantly, for example, from $1,792,933 in 2017 to $385,287 in 2020, and then back up to $1,069,798 in 2022?
Revenue fluctuations are common for nonprofits and can be influenced by grant cycles, major donor contributions, or economic conditions. The organization has demonstrated resilience by maintaining asset growth despite these variations.
What specific programs does Heart Change Ministries Inc operate, and what are their impacts?
The provided financial data does not detail specific programs or their outcomes. This information would typically be found in the organization's annual reports or on its website.
Filing History
IRS 990 filing history for Heart Change Ministries Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Heart Change Ministries Inc's revenue has grown by 1107.4%, moving from $67K to $807K. Total assets increased by 27093.5% over the same period, from $15K to $4.2M. Total functional expenses rose by 252.6%, from $78K to $275K. In its most recent filing year (2023), Heart Change Ministries Inc reported a surplus of $532K, with revenue exceeding expenses. The organization holds $27K in liabilities against $4.2M in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $4.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $807K | $275K | $4.2M | $27K | — | — |
| 2022 | $1.1M | $155K | $3.9M | $217K | — | — |
| 2021 | $1.2M | $241K | $3.1M | $312K | — | — |
| 2020 | $385K | $166K | $1.8M | $7K | — | — |
| 2019 | $411K | $265K | $1.5M | $7K | — | View 990 |
| 2018 | $529K | $233K | $1.4M | $34K | — | View 990 |
| 2017 | $1.8M | $501K | $2.1M | $92K | — | View 990 |
| 2016 | $1.0M | $692K | $758K | $153K | — | View 990 |
| 2015 | $769K | $699K | $262K | $1K | — | View 990 |
| 2014 | $459K | $451K | $192K | $1K | — | View 990 |
| 2013 | $317K | $135K | $184K | $1K | — | View 990 |
| 2012 | $91K | $74K | $34K | $0 | — | View 990 |
| 2011 | $28K | $26K | $16K | $0 | — | View 990 |
| 2010 | $67K | $78K | $15K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $807K, expenses of $275K, and assets of $4.2M (revenue -24.6% year-over-year).
- 2022: Revenue of $1.1M, expenses of $155K, and assets of $3.9M (revenue -8.8% year-over-year).
- 2021: Revenue of $1.2M, expenses of $241K, and assets of $3.1M (revenue +204.5% year-over-year).
- 2020: Revenue of $385K, expenses of $166K, and assets of $1.8M (revenue -6.3% year-over-year).
- 2019: Revenue of $411K, expenses of $265K, and assets of $1.5M (revenue -22.3% year-over-year).
- 2018: Revenue of $529K, expenses of $233K, and assets of $1.4M (revenue -70.5% year-over-year).
- 2017: Revenue of $1.8M, expenses of $501K, and assets of $2.1M (revenue +74.7% year-over-year).
- 2016: Revenue of $1.0M, expenses of $692K, and assets of $758K (revenue +33.4% year-over-year).
- 2015: Revenue of $769K, expenses of $699K, and assets of $262K (revenue +67.6% year-over-year).
- 2014: Revenue of $459K, expenses of $451K, and assets of $192K (revenue +44.6% year-over-year).
- 2013: Revenue of $317K, expenses of $135K, and assets of $184K (revenue +247.0% year-over-year).
- 2012: Revenue of $91K, expenses of $74K, and assets of $34K (revenue +221.7% year-over-year).
- 2011: Revenue of $28K, expenses of $26K, and assets of $16K (revenue -57.5% year-over-year).
- 2010: Revenue of $67K, expenses of $78K, and assets of $15K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heart Change Ministries Inc:
Data Sources and Methodology
This transparency report for Heart Change Ministries Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.