Healing Hands of Joy

Analysis

Healing Hands of Joy is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in January 2010, 16 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 of Joy reported income of $1.0m and spending of $1.3m, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $702k to $1.0m (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Healing Hands of Joy sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include In Her Shoes Inc ($1.0m), Rainbow Childcare of Monroe Inc ($1.0m) and Helping Hands East Bay ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $127k (9.5% of expenses). At year end it held assets of $342k against liabilities of $0, net assets of $342k. It reported 3 employees.