Healing Strides of Va

Analysis

Healing Strides of Va is a registered charity in United States, based in Boones Mill, VA. It received its IRS tax-exemption ruling in October 1991, 35 years ago. 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 Strides of Va reported income of $1.1m and spending of $1.1m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $758k to $1.1m (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Healing Strides of Va sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within VA. Charities of a similar size with the same main cause include East Islip Soccer Club ($1.1m), Prescott House ($1.1m) and United Way of Central Washington ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $82k (7.3% of expenses). Other salaries and wages came to $570k. At year end it held assets of $1.2m against liabilities of $352k, net assets of $854k. It reported 36 employees.