Healingstrong Inc

Analysis

Healingstrong Inc is a registered charity in United States, based in Dacula, GA. It received its IRS tax-exemption ruling in June 2013, 13 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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, Healingstrong Inc reported income of $597k and spending of $548k, spending 92% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $411k to $597k (+45%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 77%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healingstrong Inc 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 77th percentile within GA. Charities of a similar size with the same main cause include The Wisdom Center for Autism ($596k), Overlook House ($597k) and Plainview Foundation for Rural Health Advancement ($596k).

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 $50k (9.1% of expenses). Other salaries and wages came to $27k. At year end it held assets of $220k against liabilities of $13k, net assets of $207k. It reported 3 employees.