Healing House Inc

Analysis

Healing House Inc is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 House Inc reported income of $926k and spending of $529k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $429k to $926k (+116%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 100%. Over the whole period it spent 64% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Healing House Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within LA. Charities of a similar size with the same main cause include KC Common Good Inc ($926k), Professional Businesswomen of California ($927k) and Olean Business Development Corporation ($925k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% of the total. Other salaries and wages came to $320k. At year end it held assets of $3.0m against liabilities of $60k, net assets of $3.0m. It reported 12 employees.