Instruments of Healing Inc

Analysis

Instruments of Healing Inc is a registered charity in United States, based in Clarksburg, MD. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Instruments of Healing Inc reported income of $67k and spending of $59k, spending 88% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $67k to $67k (-0.9%), an average of -0.9% a year. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Instruments of Healing Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within MD. Charities of a similar size with the same main cause include Gibbs Society of Biological Thermo Dynamics Inc ($67k), Community Church of Eaton ($67k) and National Society of the Sons of the American Revolution ($67k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 40% and program service revenue 60% of the total. At year end it held assets of $50k against liabilities of $1,950, net assets of $48k.