Healing Towers Inc

Analysis

Healing Towers Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Towers Inc reported income of $102k and spending of $193k, spending 189% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $182k to $102k (-44%), an average of -13% a year. The sharpest change came in the year to December 2023, when income dropped by 50%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Healing Towers Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 41st percentile within FL. Charities of a similar size with the same main cause include Global Helps Network ($102k), Mandaara New England Kannada Koota Inc ($102k) and Healing Center International ($102k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $73k against liabilities of $0, net assets of $73k.