Turning Hearts Ministries International Inc
EIN: 833279355 · Mint Hill, NC · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $375K |
| Total Expenses | $303K |
| Net Assets | $33K |
Is Turning Hearts Ministries International Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Turning Hearts Ministries International Inc
Turning Hearts Ministries International Inc (EIN: 833279355) is a nonprofit organization based in Mint Hill, NC, classified under NTEE code X20. The organization reported total revenue of $375K and total assets of $61K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Turning Hearts Ministries International Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Turning Hearts Ministries International Inc is a small nonprofit that has been operating for 7 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 50.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $315K |
| Total Expenses | $303K |
| Surplus / Deficit | +$12K |
| Total Assets | $33K |
| Net Assets | $33K |
| Operating Margin | 3.8% |
| Months of Reserves | 1.3 months |
Financial Health Grade: A
In 2023, Turning Hearts Ministries International Inc reported a surplus of $12K with revenue exceeding expenses, holds 1.3 months of operating reserves (limited).
Financial Trends
Over 5 years of filings (2019–2023), Turning Hearts Ministries International Inc's revenue has grown at a compound annual growth rate (CAGR) of 50.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.6% | +4.9% | +57.2% |
| 2022 | +29.6% | +20.1% | +108.8% |
| 2021 | +31.7% | +41.1% | -10.4% |
| 2020 | +196.4% | +239.0% | +2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Turning Hearts Ministries International 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 Turning Hearts Ministries International 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $12K, with revenue exceeding expenses.
Frequently Asked Questions about Turning Hearts Ministries International Inc
Is Turning Hearts Ministries International Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Turning Hearts Ministries International Inc (EIN: 833279355) insufficient data. 0 red flags identified, 0 strengths noted.
How does Turning Hearts Ministries International Inc spend its money?
Detailed spending breakdown data is not yet available for Turning Hearts Ministries International Inc. Check back for updated IRS 990 analysis.
Are donations to Turning Hearts Ministries International Inc tax-deductible?
Turning Hearts Ministries International Inc is registered as a tax-exempt nonprofit (EIN: 833279355). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Turning Hearts Ministries International Inc located?
Turning Hearts Ministries International Inc is headquartered in Mint Hill, North Carolina and files with the IRS under EIN 833279355. It is classified under NTEE code X20.
How many years of IRS 990 filings does Turning Hearts Ministries International Inc have?
Turning Hearts Ministries International Inc has 5 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 $375K in total revenue.
Filing History
IRS 990 filing history for Turning Hearts Ministries International Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Turning Hearts Ministries International Inc's revenue has grown by 414.1%, moving from $61K to $315K. Total assets increased by 201.1% over the same period, from $11K to $33K. Total functional expenses rose by 503%, from $50K to $303K. In its most recent filing year (2023), Turning Hearts Ministries International Inc reported a surplus of $12K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $315K | $303K | $33K | $0 | — | View 990 |
| 2022 | $310K | $289K | $21K | $0 | — | View 990 |
| 2021 | $239K | $241K | $10K | $0 | — | — |
| 2020 | $182K | $170K | $11K | $0 | — | View 990 |
| 2019 | $61K | $50K | $11K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $315K, expenses of $303K, and assets of $33K (revenue +1.6% year-over-year).
- 2022: Revenue of $310K, expenses of $289K, and assets of $21K (revenue +29.6% year-over-year).
- 2021: Revenue of $239K, expenses of $241K, and assets of $10K (revenue +31.7% year-over-year).
- 2020: Revenue of $182K, expenses of $170K, and assets of $11K (revenue +196.4% year-over-year).
- 2019: Revenue of $61K, expenses of $50K, and assets of $11K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Turning Hearts Ministries International Inc:
Data Sources and Methodology
This transparency report for Turning Hearts Ministries International 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.