Healing Hand Foundation

Analysis

Healing Hand Foundation is a registered charity in United States, based in Juneau, AK. It received its IRS tax-exemption ruling in February 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Healing Hand Foundation reported income of $129k and spending of $114k, spending 88% of its income. Across the 5 years on record, from December 2019 to September 2023, income grew from $127k to $129k (+1.5%), an average of +0.4% a year. The sharpest change came in the year to September 2020, when income rose by 156%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Healing Hand Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 39th percentile within AK. Charities of a similar size with the same main cause include Gray Reed Foundation ($129k), Middleton Basketball Club Inc ($129k) and Nate Edwards Annual Fishing Tournament Inc ($129k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 24% of the total. Compensation of current officers, directors and key employees was $40k (35% of expenses). At year end it held assets of $1.6m against liabilities of $44k, net assets of $1.6m. It reported 1 employees.