Healing Farms Inc

Analysis

Healing Farms Inc is a registered charity in United States, based in Mt Pleasant, SC. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2022, Healing Farms Inc reported income of $235k and spending of $183k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $222k to $235k (+5.9%), an average of +5.9% a year. Over the whole period it spent 85% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Healing Farms Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 62nd percentile within SC. Charities of a similar size with the same main cause include Douglas Youth Hockey Association ($235k), I Got This Foundation ($235k) and Rocky Mt Rapids Swim Team ($235k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 75% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $45k (24% of expenses). Other salaries and wages came to $53k. At year end it held assets of $148k against liabilities of $38k, net assets of $111k. It reported 10 employees.