Healing Flats

Analysis

Healing Flats is a registered charity in United States, based in Eden Prairie, MN. It received its IRS tax-exemption ruling in October 2021, 5 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 (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 Flats reported income of $73k and spending of $32k, leaving 56% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $213k to $73k (-66%), an average of -42% a year. The sharpest change came in the year to December 2022, when income dropped by 48%. Over the whole period it spent 13% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healing Flats sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 25th percentile within MN. Charities of a similar size with the same main cause include Sanctuary Foundation Inc ($73k), Holston Development Corporation ($73k) and Buck Creek Foundation ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. At year end it held assets of $345k against liabilities of $0, net assets of $345k.