Healed and Restored Inc

Analysis

Healed and Restored Inc is a registered charity in United States, based in Huntersville, NC. It received its IRS tax-exemption ruling in April 2022, 4 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, Healed and Restored Inc reported income of $74k and spending of $11k, leaving 85% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $16k to $74k (+371%), an average of +371% a year. The sharpest change came in the year to December 2023, when income rose by 371%. Over the whole period it spent 20% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Healed and Restored Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within NC. Charities of a similar size with the same main cause include Nagaland Outreach Childrensministry Inc ($74k), Henry County Food Pantry Inc ($74k) and Owensboro Farmers Market Inc ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $82k against liabilities of $0, net assets of $82k.