Healing Touch Ministries Inc

Analysis

Healing Touch Ministries Inc is a registered charity in United States, based in Odessa, TX. It received its IRS tax-exemption ruling in March 2018, 8 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 Touch Ministries Inc reported income of $103k and spending of $114k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $307k to $103k (-66%), an average of -24% a year. The sharpest change came in the year to December 2020, when income dropped by 43%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Healing Touch Ministries 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 38th percentile, and in the 40th percentile within TX. Charities of a similar size with the same main cause include Kavkaz Cultural Center of California ($103k), Good News for Little People Inc ($103k) and In His Steps Christian Recovery Home ($103k).

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 $55k against liabilities of $0, net assets of $55k.

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.