Healing Hands Ministries Inc

Analysis

Healing Hands Ministries Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in January 2006, 20 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 Hands Ministries Inc reported income of $12.7m and spending of $17.6m, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.8m to $12.7m (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healing Hands Ministries Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Florida Association of Free and Charitable Clinics Inc ($12.7m), American Society of Addiction Medicine Inc ($12.7m) and Mathiesen Memorial Health Clinic ($12.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $1.9m (11% of expenses). Other salaries and wages came to $7.3m. At year end it held assets of $14.9m against liabilities of $4.8m, net assets of $10.1m. It reported 200 employees.