Heartsong Ministries
Nonprofit profile at a glance
- EIN
- 800929680
- IRS 990-EZ coverage
- 2015–2024
- Forms available
- Form 990-EZ 2024
- Location
- Midland, TX, USA
- Phone
- 4326868080
- Rating
- 94
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
- Affiliation
- Christianity
Reported finances
- Revenue
- $68,612
- Expenses
- $66,733
- Assets
- $9,561
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- HANNAH FOLEY (PRESIDENT)
People named in this filing
- HANNAH FOLEY (PRESIDENT)
- KREGG CONDER (VICE PRESIDE)
- ANNE CONDER (SECRETARY/TR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Heartsong ministries' primary exempt purpose - is to serve as an example of, and catalyst for, christian charity to people in need. Heartsong will fulfill its purpose through a platform of grantmaking, volunteering, and funder collaboration in midland, tx, surrounding areas, and, as needed, to a broader national area. Heartsong will support individuals and other non-profit organizations that are in line with heartsong's charitable purpose and that serve other areas or other disenfranchised and underserved populations.
What it reported doing in 2024
Heartsong's primary purpose is to serve as an example of christian charity to people in need.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 76% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 98
- Transparency & Controls: 100
- Sustainability: 35
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 97.3%; rating input score 97
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 2.7%; rating input score 51; 51st percentile among comparable filings
- Total-asset coverage ratio: 0.14; rating input score 14; 14th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 4.5% per year; rating input score 100; 61st percentile among comparable filings
- Revenue growth: -0.3% per year; rating input score 0; 50th percentile among comparable filings
- Asset growth: 3.1% per year; rating input score 100; 51st percentile among comparable filings
Details
- Where the money goes: 97.3% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $67K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 9 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 14/100.
- Review — Sustainability: Operating margin scored 51/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.