Village of Healing

Analysis

Village of Healing is a registered charity in United States, based in Euclid, OH. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Village of Healing reported income of $1.7m and spending of $1.2m, leaving 28% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $78k to $1.7m (+2034%), an average of +362% a year. The sharpest change came in the year to June 2022, when income rose by 813%. Over the whole period it spent 69% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Village of Healing sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within OH. Charities of a similar size with the same main cause include Ithaca Downtown Business Improvement District Inc ($1.7m), Asian Economic Development Association ($1.7m) and Georgia Strategic Alliance for New Direction and Unified Policies ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $281k (24% of expenses). Other salaries and wages came to $391k. It paid $87k in professional fundraising fees. At year end it held assets of $742k against liabilities of $0, net assets of $742k. It reported 11 employees.