Healing Place

Analysis

Healing Place is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2023, Healing Place reported income of $595k and spending of $1.7m, spending 279% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.2m to $595k (-50%), an average of -21% a year. The sharpest change came in the year to June 2023, when income dropped by 48%. Over the whole period it spent 124% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healing Place sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within VA. Charities of a similar size with the same main cause include We Care Manatee Inc ($595k), Morris Hospital Foundation ($595k) and Chris Elliott Fund ($595k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. At year end it held assets of $2.5m against liabilities of $2.0m, net assets of $556k.