Hope & Healing Place Inc

Analysis

Hope & Healing Place Inc is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover mental health and crisis intervention, 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, Hope & Healing Place Inc reported income of $320k and spending of $339k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $289k to $320k (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope & Healing Place Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Community Life Support Inc ($320k), Mercy Healthcare Foundation Clinton ($320k) and Independent Identity ($320k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $58k (17% of expenses). Other salaries and wages came to $106k. At year end it held assets of $994k against liabilities of $24k, net assets of $971k. It reported 4 employees.