Heartland Ministries Inc
EIN: 611130601 · Hardin, KY
| Metric | Value |
|---|---|
| Total Revenue | $342K |
| Total Expenses | $303K |
| Net Assets | $83K |
Is Heartland Ministries Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Heartland Ministries Inc
Heartland Ministries Inc (EIN: 611130601) is a nonprofit organization based in Hardin, KY. The organization reported total revenue of $342K and total assets of $363K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heartland Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heartland Ministries Inc is a small nonprofit that has been operating for 38 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $342K |
| Total Expenses | $303K |
| Surplus / Deficit | +$39K |
| Total Assets | $363K |
| Total Liabilities | $279K |
| Net Assets | $83K |
| Operating Margin | 11.4% |
| Debt-to-Asset Ratio | 77.0% |
| Months of Reserves | 14.3 months |
Financial Health Grade: A
In 2022, Heartland Ministries Inc reported a surplus of $39K with revenue exceeding expenses, holds 14.3 months of operating reserves (strong position), has a debt-to-asset ratio of 77.0% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Heartland Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +5.6% | -2.1% | -17.3% |
| 2021 | +3.7% | +14.3% | +1.1% |
| 2020 | -2.3% | -5.9% | +8.9% |
| 2019 | +10.1% | +4.3% | -26.7% |
| 2018 | -1.9% | -4.7% | +4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Heartland Ministries Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Heartland Ministries Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $39K, with revenue exceeding expenses.
- Debt-to-asset ratio: 77.0%.
Frequently Asked Questions about Heartland Ministries Inc
Is Heartland Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Heartland Ministries Inc (EIN: 611130601) insufficient data. 0 red flags identified, 0 strengths noted.
How does Heartland Ministries Inc spend its money?
Detailed spending breakdown data is not yet available for Heartland Ministries Inc. Check back for updated IRS 990 analysis.
Are donations to Heartland Ministries Inc tax-deductible?
Heartland Ministries Inc is registered as a tax-exempt nonprofit (EIN: 611130601). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Heartland Ministries Inc located?
Heartland Ministries Inc is headquartered in Hardin, Kentucky and files with the IRS under EIN 611130601.
How many years of IRS 990 filings does Heartland Ministries Inc have?
Heartland Ministries Inc has 12 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 $342K in total revenue.
Filing History
IRS 990 filing history for Heartland Ministries Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Heartland Ministries Inc's revenue has grown by 40.6%, moving from $243K to $342K. Total assets decreased by 11.3% over the same period, from $409K to $363K. Total functional expenses rose by 13.1%, from $268K to $303K. In its most recent filing year (2022), Heartland Ministries Inc reported a surplus of $39K, with revenue exceeding expenses. The organization holds $279K in liabilities against $363K in assets (debt-to-asset ratio: 77.0%), resulting in net assets of $83K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $342K | $303K | $363K | $279K | — | — |
| 2021 | $324K | $310K | $438K | $283K | — | View 990 |
| 2020 | $312K | $271K | $433K | $263K | — | — |
| 2019 | $320K | $288K | $398K | $268K | — | View 990 |
| 2018 | $290K | $276K | $543K | $254K | — | View 990 |
| 2017 | $296K | $290K | $520K | $244K | — | View 990 |
| 2016 | $324K | $285K | $506K | $236K | — | View 990 |
| 2015 | $267K | $244K | $455K | $224K | — | View 990 |
| 2014 | $270K | $264K | $425K | $218K | — | View 990 |
| 2013 | $261K | $312K | $403K | $201K | — | View 990 |
| 2012 | $231K | $307K | $403K | $150K | — | View 990 |
| 2011 | $243K | $268K | $409K | $81K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $342K, expenses of $303K, and assets of $363K (revenue +5.6% year-over-year).
- 2021: Revenue of $324K, expenses of $310K, and assets of $438K (revenue +3.7% year-over-year).
- 2020: Revenue of $312K, expenses of $271K, and assets of $433K (revenue -2.3% year-over-year).
- 2019: Revenue of $320K, expenses of $288K, and assets of $398K (revenue +10.1% year-over-year).
- 2018: Revenue of $290K, expenses of $276K, and assets of $543K (revenue -1.9% year-over-year).
- 2017: Revenue of $296K, expenses of $290K, and assets of $520K (revenue -8.9% year-over-year).
- 2016: Revenue of $324K, expenses of $285K, and assets of $506K (revenue +21.5% year-over-year).
- 2015: Revenue of $267K, expenses of $244K, and assets of $455K (revenue -1.1% year-over-year).
- 2014: Revenue of $270K, expenses of $264K, and assets of $425K (revenue +3.5% year-over-year).
- 2013: Revenue of $261K, expenses of $312K, and assets of $403K (revenue +12.7% year-over-year).
- 2012: Revenue of $231K, expenses of $307K, and assets of $403K (revenue -4.9% year-over-year).
- 2011: Revenue of $243K, expenses of $268K, and assets of $409K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heartland Ministries Inc:
Data Sources and Methodology
This transparency report for Heartland 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.