Healing Housing Inc

Analysis

Healing Housing Inc is a registered charity in United States, based in Brentwood, TN. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Housing Inc reported income of $1.3m and spending of $887k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $339k to $1.3m (+286%), an average of +40% a year. The sharpest change came in the year to December 2021, when income rose by 114%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Healing Housing Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within TN. Charities of a similar size with the same main cause include Susquehanna Regional Transportation Partnership Inc ($1.3m), Zanesville Day Nursery Association Zanesville Day Nursery ($1.3m) and Young Mens Christian Association ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $77k (8.7% of expenses). Other salaries and wages came to $145k. At year end it held assets of $1.0m against liabilities of $58k, net assets of $979k. It reported 9 employees.