Heal Ministries Inc

Analysis

Heal Ministries Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Heal Ministries Inc reported income of $829k and spending of $967k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $599k to $829k (+38%), an average of +8.5% a year. The sharpest change came in the year to December 2022, when income rose by 74%. Over the whole period it spent 106% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Heal Ministries Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within TN. Charities of a similar size with the same main cause include Go Live Serve International Inc ($829k), American Friends of Mikdash Shaul ($829k) and Sri Shirdi Saibaba Mandir of North Carolina ($829k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 5.2% of the total. Other salaries and wages came to $282k. At year end it held assets of $19k against liabilities of $1,378, net assets of $18k. It reported 6 employees.