Healing Hands Inc

Analysis

Healing Hands Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in October 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Hands Inc reported income of $50k and spending of $55k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $51k to $50k (-1.4%), an average of -1.4% a year. Over the whole period it spent 115% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Healing Hands Inc sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within MI. Charities of a similar size with the same main cause include Bold Armenian Women Association ($50k), Plymouth Fire Relief Association ($50k) and Crisis Center of Sanger ($50k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $30k against liabilities of $0, net assets of $30k.