Healing Place-A Center for Loss and Change Inc

Analysis

Healing Place-A Center for Loss and Change Inc is a registered charity in United States, based in Muscle Shoals, AL. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Healing Place-A Center for Loss and Change Inc reported income of $259k and spending of $215k, spending 83% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $131k to $259k (+97%), an average of +25% a year. The sharpest change came in the year to June 2023, when income rose by 72%. Over the whole period it spent 117% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Healing Place-A Center for Loss and Change Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 60th percentile within AL. Charities of a similar size with the same main cause include Arts in Action Inc ($259k), Ari J Arteaga Foundation Inc ($259k) and Outreach Program of Brainerd Lakes ($259k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% of the total. Other salaries and wages came to $114k. At year end it held assets of $361k against liabilities of $3,811, net assets of $357k. It reported 5 employees.