Healing for the Nations Inc

Analysis

Healing for the Nations Inc is a registered charity in United States, based in Mechanicsvlle, VA. It received its IRS tax-exemption ruling in March 1998, 28 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, Healing for the Nations Inc reported income of $244k and spending of $260k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $216k to $244k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Healing for the Nations 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 58th percentile, and in the 57th percentile within VA. Charities of a similar size with the same main cause include Side by Side ($244k), Billy Gray Ministries Inc ($244k) and Isaiahs Soup Kitchen Inc ($244k).

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 $60k (23% of expenses). Other salaries and wages came to $27k. At year end it held assets of $72k against liabilities of $22k, net assets of $50k. It reported 3 employees.