Healing Hub of New York Inc

Analysis

Healing Hub of New York Inc is a registered charity in United States, based in Cheektowaga, NY. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Hub of New York Inc reported income of $76k and spending of $21k, leaving 72% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $7,777 to $76k (+872%), an average of +872% a year. The sharpest change came in the year to December 2023, when income rose by 872%. Over the whole period it spent 42% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Healing Hub of New York Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 30th percentile within NY. Charities of a similar size with the same main cause include Plainview-Elgin Area Food Shelf Inc ($76k), Unlimited Discipleship Ministries Inc ($76k) and Brookfield Institute ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $56k against liabilities of $0, net assets of $56k.