Healing Reins of Kentucky Inc

Analysis

Healing Reins of Kentucky Inc is a registered charity in United States, based in Henderson, KY. It received its IRS tax-exemption ruling in May 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 (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 Reins of Kentucky Inc reported income of $217k and spending of $153k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $220k to $217k (-1.2%), an average of -0.3% a year. The sharpest change came in the year to December 2021, when income rose by 88%. Over the whole period it spent 74% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healing Reins of Kentucky Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within KY. Charities of a similar size with the same main cause include Righteous Oaks Recovery Center Inc ($217k), Lakeview Disaster Unit Inc ($217k) and East House Foundation Inc ($217k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $25k (16% of expenses). Other salaries and wages came to $54k. At year end it held assets of $298k against liabilities of $14k, net assets of $284k. It reported 4 employees.