Healing Hands Ministries Inc
EIN: 651259379 · Dallas, TX · NTEE: E32
| Metric | Value |
|---|---|
| Total Revenue | $20.0M |
| Total Expenses | $17.6M |
| Net Assets | $10.1M |
Is Healing Hands Ministries 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 Hands Ministries Inc
Healing Hands Ministries Inc (EIN: 651259379) is a nonprofit organization based in Dallas, TX, classified under NTEE code E32. The organization reported total revenue of $20.0M and total assets of $15.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Healing Hands Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Healing Hands Ministries Inc is a large nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 25.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.7M |
| Total Expenses | $17.6M |
| Surplus / Deficit | $-4,815,649 |
| Total Assets | $14.9M |
| Total Liabilities | $4.8M |
| Net Assets | $10.1M |
| Operating Margin | -37.8% |
| Debt-to-Asset Ratio | 32.4% |
| Months of Reserves | 10.2 months |
Financial Health Grade: B
In 2023, Healing Hands Ministries Inc reported a deficit of $4.8M with expenses exceeding revenue, holds 10.2 months of operating reserves (strong position), has a debt-to-asset ratio of 32.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Healing Hands Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 25.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -32.3% | +1.6% | -21.4% |
| 2022 | +21.9% | +38.1% | +14.2% |
| 2021 | +7.3% | +15.7% | +23.4% |
| 2020 | +46.7% | -9.4% | +62.7% |
| 2019 | +54.0% | +85.1% | -17.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Healing Hands Ministries 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 Hands Ministries 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 $4.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 32.4%.
Frequently Asked Questions about Healing Hands Ministries Inc
Is Healing Hands Ministries Inc a legitimate charity?
Healing Hands Ministries Inc (EIN: 651259379) is a registered tax-exempt nonprofit based in Texas. It has 13 years of IRS 990 filings on record. Total revenue: $20.0M. No red flags identified. Financial health grade: B.
How does Healing Hands Ministries Inc spend its money?
Healing Hands Ministries Inc reported $20.0M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Healing Hands Ministries Inc tax-deductible?
Healing Hands Ministries Inc is registered as a tax-exempt nonprofit (EIN: 651259379). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Healing Hands Ministries Inc located?
Healing Hands Ministries Inc is headquartered in Dallas, Texas and files with the IRS under EIN 651259379. It is classified under NTEE code E32.
How many years of IRS 990 filings does Healing Hands Ministries Inc have?
Healing Hands Ministries Inc has 13 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 $20.0M in total revenue.
Filing History
IRS 990 filing history for Healing Hands Ministries Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Healing Hands Ministries Inc's revenue has grown by 1363.7%, moving from $870K to $12.7M. Total assets increased by 2376.5% over the same period, from $603K to $14.9M. Total functional expenses rose by 1825%, from $912K to $17.6M. In its most recent filing year (2023), Healing Hands Ministries Inc reported a deficit of $4.8M, with expenses exceeding revenue. The organization holds $4.8M in liabilities against $14.9M in assets (debt-to-asset ratio: 32.4%), resulting in net assets of $10.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.7M | $17.6M | $14.9M | $4.8M | — | — |
| 2022 | $18.8M | $17.3M | $19.0M | $4.4M | — | View 990 |
| 2021 | $15.4M | $12.5M | $16.7M | $2.1M | — | View 990 |
| 2020 | $14.4M | $10.8M | $13.5M | $2.0M | — | — |
| 2019 | $9.8M | $11.9M | $8.3M | $573K | — | View 990 |
| 2018 | $6.4M | $6.4M | $10.1M | $776K | — | View 990 |
| 2017 | $4.8M | $4.3M | $9.9M | $121K | — | View 990 |
| 2016 | $6.3M | $4.2M | $9.2M | $101K | — | View 990 |
| 2015 | $5.1M | $2.8M | $7.0M | $61K | — | View 990 |
| 2014 | $4.7M | $2.6M | $4.9M | $28K | — | View 990 |
| 2013 | $3.9M | $1.9M | $2.8M | $14K | — | View 990 |
| 2012 | $1.1M | $990K | $810K | $123K | — | View 990 |
| 2011 | $870K | $912K | $603K | $27K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.7M, expenses of $17.6M, and assets of $14.9M (revenue -32.3% year-over-year).
- 2022: Revenue of $18.8M, expenses of $17.3M, and assets of $19.0M (revenue +21.9% year-over-year).
- 2021: Revenue of $15.4M, expenses of $12.5M, and assets of $16.7M (revenue +7.3% year-over-year).
- 2020: Revenue of $14.4M, expenses of $10.8M, and assets of $13.5M (revenue +46.7% year-over-year).
- 2019: Revenue of $9.8M, expenses of $11.9M, and assets of $8.3M (revenue +54.0% year-over-year).
- 2018: Revenue of $6.4M, expenses of $6.4M, and assets of $10.1M (revenue +32.0% year-over-year).
- 2017: Revenue of $4.8M, expenses of $4.3M, and assets of $9.9M (revenue -23.6% year-over-year).
- 2016: Revenue of $6.3M, expenses of $4.2M, and assets of $9.2M (revenue +24.3% year-over-year).
- 2015: Revenue of $5.1M, expenses of $2.8M, and assets of $7.0M (revenue +7.8% year-over-year).
- 2014: Revenue of $4.7M, expenses of $2.6M, and assets of $4.9M (revenue +21.7% year-over-year).
- 2013: Revenue of $3.9M, expenses of $1.9M, and assets of $2.8M (revenue +251.9% year-over-year).
- 2012: Revenue of $1.1M, expenses of $990K, and assets of $810K (revenue +26.4% year-over-year).
- 2011: Revenue of $870K, expenses of $912K, and assets of $603K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Healing Hands Ministries Inc:
Data Sources and Methodology
This transparency report for Healing Hands Ministries 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.