Healing Hope Ministries Inc

Analysis

Healing Hope Ministries Inc is a registered charity in United States, based in Alcester, SD. It received its IRS tax-exemption ruling in June 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Healing Hope Ministries Inc reported income of $106k and spending of $149k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $122k to $106k (-13%), an average of -3.3% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healing Hope Ministries Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 34th percentile within SD. Charities of a similar size with the same main cause include Summit Sober Living Inc ($106k), Institute for Emergency Medical Education ($106k) and Am-Resch Foundation ($106k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 9.3% of the total. Other salaries and wages came to $81k. At year end it held assets of $435k against liabilities of $374k, net assets of $61k. It reported 2 employees.