Is House Of Healing Inc Legit?

House Of Healing Inc demonstrates a consistent operational history with generally stable revenue streams, though recent years show expenses exceeding revenue. For instance, in 2023, expenses were $184,688 against revenues of $150,593, and in 2022, expenses were $304,789 against revenues of $228,886. This trend of deficit spending in the last two reported periods warrants attention, as it could impact long-term financial sustainability if not addressed. The organization maintains a healthy asset base, with assets consistently near or above $900,000 in recent years, and notably, reports zero liabilities across all available filings, indicating a strong balance sheet and no debt burden. This lack of liabilities is a significant strength, suggesting sound financial management in avoiding debt. The organization's transparency is excellent, as evidenced by 13 available filings and consistent reporting of zero officer compensation, which is a key indicator of volunteer-led or highly efficient administrative structures. While specific program spending details are not provided in the summary data, the absence of officer compensation suggests a high proportion of funds could be directed towards its mission. The significant revenue spike in 2017 to $612,723, compared to typical revenues around $150,000-$220,000, is an outlier that would require further investigation to understand its source and whether it was a one-time event or a successful fundraising campaign.