Healing Word Counseling Center

Analysis

Healing Word Counseling Center is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in November 1999, 27 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Healing Word Counseling Center reported income of $447k and spending of $450k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $549k to $447k (-19%), an average of -5.0% a year. The sharpest change came in the year to December 2021, when income rose by 146%. Over the whole period it spent 76% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Healing Word Counseling Center 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 68th percentile, and in the 70th percentile within TN. Charities of a similar size with the same main cause include Beach United Football Club ($446k), Boise Youth Sports Complex Inc ($447k) and Tulare Co Deputy Sheriffs Benevolent Assn ($446k).

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 $70k (16% of expenses). Other salaries and wages came to $70k. At year end it held assets of $161k against liabilities of $0, net assets of $161k. It reported 1 employees.