Grace in Healing Hands

Analysis

Grace in Healing Hands is a registered charity in United States, based in Garland, TX. It received its IRS tax-exemption ruling in July 2018, 8 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 October 2023, Grace in Healing Hands reported income of $247k and spending of $300k, spending 122% of what it took in. Across the 3 years on record, from October 2021 to October 2023, income grew from $148k to $247k (+67%), an average of +29% a year. The sharpest change came in the year to October 2022, when income rose by 51%. Over the whole period it spent 122% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Grace in Healing Hands 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 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include Adaptive Physical Education ($247k), Life Choices Resource Center ($247k) and Center for Therapeutic Riding of the East End Inc ($247k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $76k (25% of expenses). Other salaries and wages came to $60k. At year end it held assets of $229k against liabilities of $143k, net assets of $86k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.