Healing Hands Resource Center

Analysis

Healing Hands Resource Center is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Healing Hands Resource Center reported income of $234k and spending of $226k, spending 97% of its income. Across the 3 years on record, from December 2020 to December 2023, income fell from $236k to $234k (-1.0%), an average of -0.5% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Healing Hands Resource Center sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within IL. Charities of a similar size with the same main cause include One League Global Scholarship Fund ($234k), Life Span Home Inc ($234k) and Hope Ministries International ($234k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $278k against liabilities of $0, net assets of $278k.