Growth and Healing Hub

Analysis

Growth and Healing Hub is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover mental health and crisis intervention, 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 December 2023, Growth and Healing Hub reported income of $96k and spending of $168k, spending 175% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $76k to $96k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Growth and Healing Hub sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within VA. Charities of a similar size with the same main cause include Laredo Cancer Society ($96k), Families for a Cure ($96k) and Texas County Memorial Hospital Healthcare Foundation ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 10% of the total. At year end it held assets of $8,993 against liabilities of $5,510, net assets of $3,483.