Healing Hands Of Joy
EIN: 270241638 · Charlotte, NC · NTEE: P30
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.3M |
| Net Assets | $342K |
Is Healing Hands Of Joy 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 Of Joy
Healing Hands Of Joy (EIN: 270241638) is a nonprofit organization based in Charlotte, NC, classified under NTEE code P30. The organization reported total revenue of $1.8M and total assets of $696K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Healing Hands Of Joy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Healing Hands Of Joy is a mid-size nonprofit that has been operating for 16 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 21.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-324,465 |
| Total Assets | $342K |
| Net Assets | $342K |
| Operating Margin | -32.2% |
| Months of Reserves | 3.1 months |
Financial Health Grade: B
In 2023, Healing Hands Of Joy reported a deficit of $324K with expenses exceeding revenue, holds 3.1 months of operating reserves (adequate).
Financial Trends
Over 14 years of filings (2010–2023), Healing Hands Of Joy's revenue has grown at a compound annual growth rate (CAGR) of 21.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.7% | +30.1% | -48.7% |
| 2022 | +12.5% | +24.1% | -4.8% |
| 2021 | +1.9% | +18.1% | +8.5% |
| 2020 | +23.1% | -11.5% | +34.5% |
| 2019 | -11.6% | +64.0% | -15.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Healing Hands Of Joy 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 Of Joy 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 $324K, with expenses exceeding revenue.
Frequently Asked Questions about Healing Hands Of Joy
Is Healing Hands Of Joy a legitimate charity?
Based on AI analysis of IRS 990 filings, Healing Hands Of Joy (EIN: 270241638) insufficient data. 0 red flags identified, 0 strengths noted.
How does Healing Hands Of Joy spend its money?
Detailed spending breakdown data is not yet available for Healing Hands Of Joy. Check back for updated IRS 990 analysis.
Are donations to Healing Hands Of Joy tax-deductible?
Healing Hands Of Joy is registered as a tax-exempt nonprofit (EIN: 270241638). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Healing Hands Of Joy located?
Healing Hands Of Joy is headquartered in Charlotte, North Carolina and files with the IRS under EIN 270241638. It is classified under NTEE code P30.
How many years of IRS 990 filings does Healing Hands Of Joy have?
Healing Hands Of Joy has 14 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 $1.8M in total revenue.
Filing History
IRS 990 filing history for Healing Hands Of Joy showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Healing Hands Of Joy's revenue has grown by 1179.6%, moving from $79K to $1.0M. Total assets increased by 2797% over the same period, from $12K to $342K. Total functional expenses rose by 1556.7%, from $80K to $1.3M. In its most recent filing year (2023), Healing Hands Of Joy reported a deficit of $324K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $1.3M | $342K | $0 | — | — |
| 2022 | $991K | $1.0M | $667K | $0 | — | View 990 |
| 2021 | $880K | $825K | $700K | $0 | — | View 990 |
| 2020 | $864K | $699K | $645K | $0 | — | View 990 |
| 2019 | $702K | $790K | $479K | $0 | — | View 990 |
| 2018 | $794K | $482K | $567K | $0 | — | View 990 |
| 2017 | $502K | $451K | $254K | $0 | — | — |
| 2016 | $493K | $442K | $221K | $0 | — | View 990 |
| 2015 | $361K | $337K | $170K | $0 | — | View 990 |
| 2014 | $377K | $316K | $156K | $10K | — | View 990 |
| 2013 | $224K | $180K | $86K | $0 | — | View 990 |
| 2012 | $177K | $159K | $43K | $1K | — | View 990 |
| 2011 | $155K | $142K | $25K | $892 | — | View 990 |
| 2010 | $79K | $80K | $12K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $1.3M, and assets of $342K (revenue +1.7% year-over-year).
- 2022: Revenue of $991K, expenses of $1.0M, and assets of $667K (revenue +12.5% year-over-year).
- 2021: Revenue of $880K, expenses of $825K, and assets of $700K (revenue +1.9% year-over-year).
- 2020: Revenue of $864K, expenses of $699K, and assets of $645K (revenue +23.1% year-over-year).
- 2019: Revenue of $702K, expenses of $790K, and assets of $479K (revenue -11.6% year-over-year).
- 2018: Revenue of $794K, expenses of $482K, and assets of $567K (revenue +58.1% year-over-year).
- 2017: Revenue of $502K, expenses of $451K, and assets of $254K (revenue +1.8% year-over-year).
- 2016: Revenue of $493K, expenses of $442K, and assets of $221K (revenue +36.7% year-over-year).
- 2015: Revenue of $361K, expenses of $337K, and assets of $170K (revenue -4.2% year-over-year).
- 2014: Revenue of $377K, expenses of $316K, and assets of $156K (revenue +68.3% year-over-year).
- 2013: Revenue of $224K, expenses of $180K, and assets of $86K (revenue +26.6% year-over-year).
- 2012: Revenue of $177K, expenses of $159K, and assets of $43K (revenue +14.3% year-over-year).
- 2011: Revenue of $155K, expenses of $142K, and assets of $25K (revenue +96.4% year-over-year).
- 2010: Revenue of $79K, expenses of $80K, and assets of $12K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Healing Hands Of Joy:
Data Sources and Methodology
This transparency report for Healing Hands Of Joy 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.