Gilead Healing Ministries

Analysis

Gilead Healing Ministries is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in November 2004, 22 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 December 2023, Gilead Healing Ministries reported income of $606k and spending of $571k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $451k to $606k (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Gilead Healing Ministries sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MI. Charities of a similar size with the same main cause include Anchor Homes ($606k), Diveheart Foundation ($606k) and Citybridge Health Foundation ($606k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $50k (8.8% of expenses). Other salaries and wages came to $150k. At year end it held assets of $47k against liabilities of $90k, net assets of -$43k. It reported 1 employees.