Center for Pranic Healing Inc

Analysis

Center for Pranic Healing Inc is a registered charity in United States, based in Lyndhurst, NJ. It received its IRS tax-exemption ruling in August 1995, 31 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Center for Pranic Healing Inc reported income of $1.7m and spending of $1.7m, spending 106% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $1.3m to $1.7m (+25%), an average of +5.7% a year. The sharpest change came in the year to March 2022, when income rose by 41%. Over the whole period it spent 79% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Center for Pranic Healing Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within NJ. Charities of a similar size with the same main cause include Otto Schoitz Foundation ($1.7m), Spearfish Emergency Ambulance Service ($1.7m) and Florida Medical Insurance Corporation ($1.7m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 53% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $81k (4.6% of expenses). At year end it held assets of $3.4m against liabilities of $777, net assets of $3.4m. It reported 2 employees.