Healing Arenas Inc
EIN: 465016733 · Gardnerville, NV · NTEE: D99
| Metric | Value |
|---|---|
| Total Revenue | $50K |
| Total Expenses | $50K |
| Net Assets | $7K |
Is Healing Arenas Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Healing Arenas Inc
Healing Arenas Inc (EIN: 465016733) is a nonprofit organization based in Gardnerville, NV, classified under NTEE code D99. The organization reported total revenue of $50K and total assets of $17K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Healing Arenas Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Healing Arenas Inc is a micro nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 44.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $35K |
| Total Expenses | $50K |
| Surplus / Deficit | $-14,814 |
| Total Assets | $19K |
| Total Liabilities | $12K |
| Net Assets | $7K |
| Operating Margin | -42.4% |
| Debt-to-Asset Ratio | 62.5% |
| Months of Reserves | 4.5 months |
Financial Health Grade: C
In 2023, Healing Arenas Inc reported a deficit of $15K with expenses exceeding revenue, holds 4.5 months of operating reserves (adequate), has a debt-to-asset ratio of 62.5% (high leverage).
Financial Trends
Over 10 years of filings (2014–2023), Healing Arenas Inc's revenue has grown at a compound annual growth rate (CAGR) of 44.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.1% | +4.8% | -44.5% |
| 2022 | +33.1% | +61.3% | -7.3% |
| 2021 | -10.5% | +12.1% | +74.1% |
| 2020 | +96.8% | +63.9% | +137.0% |
| 2019 | -23.2% | -53.2% | +55.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Healing Arenas Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Healing Arenas Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 62.5%.
Frequently Asked Questions about Healing Arenas Inc
Is Healing Arenas Inc a legitimate charity?
Healing Arenas Inc (EIN: 465016733) is a registered tax-exempt nonprofit based in Nevada. It has 10 years of IRS 990 filings on record. Total revenue: $50K. No red flags identified. Financial health grade: C.
How does Healing Arenas Inc spend its money?
Healing Arenas Inc reported $50K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Healing Arenas Inc tax-deductible?
Healing Arenas Inc is registered as a tax-exempt nonprofit (EIN: 465016733). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Healing Arenas Inc located?
Healing Arenas Inc is headquartered in Gardnerville, Nevada and files with the IRS under EIN 465016733. It is classified under NTEE code D99.
How many years of IRS 990 filings does Healing Arenas Inc have?
Healing Arenas Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $50K in total revenue.
Filing History
IRS 990 filing history for Healing Arenas Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Healing Arenas Inc's revenue has grown by 2628.1%, moving from $1K to $35K. Total assets increased by 8197.8% over the same period, from $223 to $19K. Total functional expenses rose by 4350.9%, from $1K to $50K. In its most recent filing year (2023), Healing Arenas Inc reported a deficit of $15K, with expenses exceeding revenue. The organization holds $12K in liabilities against $19K in assets (debt-to-asset ratio: 62.5%), resulting in net assets of $7K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $35K | $50K | $19K | $12K | — | — |
| 2022 | $45K | $47K | $33K | $12K | — | View 990 |
| 2021 | $34K | $29K | $36K | $12K | — | — |
| 2020 | $38K | $26K | $21K | $529 | — | View 990 |
| 2019 | $19K | $16K | $9K | $0 | — | View 990 |
| 2018 | $25K | $34K | $6K | $0 | — | View 990 |
| 2017 | $23K | $19K | $15K | $0 | — | View 990 |
| 2016 | $9K | $10K | $11K | $0 | — | View 990 |
| 2015 | $16K | $5K | $11K | $0 | — | View 990 |
| 2014 | $1K | $1K | $223 | $60 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $35K, expenses of $50K, and assets of $19K (revenue -22.1% year-over-year).
- 2022: Revenue of $45K, expenses of $47K, and assets of $33K (revenue +33.1% year-over-year).
- 2021: Revenue of $34K, expenses of $29K, and assets of $36K (revenue -10.5% year-over-year).
- 2020: Revenue of $38K, expenses of $26K, and assets of $21K (revenue +96.8% year-over-year).
- 2019: Revenue of $19K, expenses of $16K, and assets of $9K (revenue -23.2% year-over-year).
- 2018: Revenue of $25K, expenses of $34K, and assets of $6K (revenue +6.8% year-over-year).
- 2017: Revenue of $23K, expenses of $19K, and assets of $15K (revenue +152.6% year-over-year).
- 2016: Revenue of $9K, expenses of $10K, and assets of $11K (revenue -43.3% year-over-year).
- 2015: Revenue of $16K, expenses of $5K, and assets of $11K (revenue +1170.7% year-over-year).
- 2014: Revenue of $1K, expenses of $1K, and assets of $223.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Healing Arenas Inc:
Data Sources and Methodology
This transparency report for Healing Arenas Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.