Healing Buddies Inc

Analysis

Healing Buddies Inc is a registered charity in United States, based in Arvada, CO. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover health care, 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 December 2023, Healing Buddies Inc reported income of $140k and spending of $132k, spending 94% of its income. Across the 5 years on record, from December 2017 to December 2023, income fell from $142k to $140k (-1.3%), an average of -0.3% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healing Buddies Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 42nd percentile within CO. Charities of a similar size with the same main cause include Upside Downs Inc ($140k), Hope for Life Biblical Counseling ($140k) and Healing Hands International Inc ($140k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.6% of the total. Other salaries and wages came to $73k. At year end it held assets of $65k against liabilities of $3,098, net assets of $62k. It reported 3 employees.