Healing Headbands Project

Analysis

Healing Headbands Project is a registered charity in United States, based in Sea Cliff, NY. It received its IRS tax-exemption ruling in March 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Healing Headbands Project reported income of $55k and spending of $58k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $195k to $55k (-72%), an average of -27% a year. The sharpest change came in the year to December 2023, when income rose by 469%. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healing Headbands Project 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 22nd percentile, and in the 24th percentile within NY. Charities of a similar size with the same main cause include Events to End Pediatric Tumors Inc ($55k), Beading Hearts Overdose Loss Support Group Inc ($55k) and Sunnycrest Manor Auxiliary ($55k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% of the total. At year end it held assets of $945k against liabilities of $0, net assets of $945k.