The Healing Net Foundation

Analysis

The Healing Net Foundation is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in July 2014, 12 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, The Healing Net Foundation reported income of $239k and spending of $293k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $386k to $239k (-38%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Healing Net Foundation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 58th percentile within TN. Charities of a similar size with the same main cause include Child Guidance Foundation Inc ($239k), Ely Community Health Center ($239k) and Tip of the Spear Ministries ($239k).

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 $111k (38% of expenses). Other salaries and wages came to $67k. At year end it held assets of $309k against liabilities of $108k, net assets of $201k. It reported 7 employees.