Healing Touch Ministries Inc
Healing Touch Ministries Inc consistently operates with a surplus and no reported officer compensation.
EIN: 201747587 · Muskogee, OK · NTEE: X20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $129K |
| Total Expenses | $107K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $100,000 |
| Net Assets | $111K |
| Transparency Score | 92/100 |
Is Healing Touch Ministries Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Healing Touch Ministries Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Healing Touch Ministries Inc
Healing Touch Ministries Inc (EIN: 201747587) is a nonprofit organization based in Muskogee, OK, classified under NTEE code X20. The organization reported total revenue of $129K and total assets of $97K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Healing Touch Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Healing Touch Ministries Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $121K |
| Total Expenses | $107K |
| Surplus / Deficit | +$14K |
| Total Assets | $111K |
| Net Assets | $111K |
| Operating Margin | 11.7% |
| Months of Reserves | 12.5 months |
Financial Health Grade: A
In 2023, Healing Touch Ministries Inc reported a surplus of $14K with revenue exceeding expenses, holds 12.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Healing Touch Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.2% | +15.1% | +14.6% |
| 2022 | -8.0% | +5.0% | +9.8% |
| 2021 | +34.0% | +40.9% | +25.3% |
| 2020 | +20.5% | -16.7% | +51.0% |
| 2019 | -12.0% | +24.3% | -12.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Healing Touch Ministries Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Healing Touch Ministries Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $14K, with revenue exceeding expenses.
Executive Compensation Analysis
No officer compensation has been reported across all available IRS 990 filings, indicating that executive leadership is either unpaid or compensated through non-reportable means, which is highly unusual for an organization with over $100,000 in annual revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Healing Touch Ministries Inc's IRS 990 filings:
- No reported officer compensation for an organization with over $100k in revenue, which could indicate unrecorded compensation or a fully volunteer-run leadership structure that might be unsustainable long-term.
Strengths
The following positive indicators were identified for Healing Touch Ministries Inc:
- Consistent financial surplus, with revenues exceeding expenses in most years (e.g., $121,024 revenue vs. $106,822 expenses in 2023).
- Strong asset growth, increasing from $14,290 in 2014 to $111,317 in 2023.
- Zero reported liabilities in recent fiscal periods (2021-2023), indicating excellent financial health.
- No reported officer compensation, suggesting a high proportion of funds are directed towards programs.
- Consistent IRS 990 filing history, demonstrating transparency and compliance.
Frequently Asked Questions about Healing Touch Ministries Inc
Is Healing Touch Ministries Inc a legitimate charity?
Healing Touch Ministries Inc (EIN: 201747587) is a registered tax-exempt nonprofit based in Oklahoma. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $129K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Healing Touch Ministries Inc spend its money?
Healing Touch Ministries Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Healing Touch Ministries Inc tax-deductible?
Healing Touch Ministries Inc is registered as a tax-exempt nonprofit (EIN: 201747587). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Healing Touch Ministries Inc CEO make?
Healing Touch Ministries Inc's highest-compensated officer earns $100,000 annually. The organization reported $129K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Healing Touch Ministries Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Healing Touch Ministries Inc is above average for NTEE category X20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Healing Touch Ministries Inc located?
Healing Touch Ministries Inc is headquartered in Muskogee, Oklahoma and files with the IRS under EIN 201747587. It is classified under NTEE code X20.
How many years of IRS 990 filings does Healing Touch Ministries Inc have?
Healing Touch 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 $129K in total revenue.
Is Healing Touch Ministries Inc a good charity?
Based on the available IRS 990 data, Healing Touch Ministries Inc appears to be a financially sound and efficient charity. It consistently operates with a surplus, has growing assets, and reports no officer compensation, suggesting a high dedication to its mission.
What is the trend in the organization's revenue?
Healing Touch Ministries Inc has shown a positive trend in revenue, growing from $49,972 in 2014 to $121,024 in 2023, indicating increasing support and operational capacity.
How does the organization manage its liabilities?
The organization has reported $0 in liabilities for the past three fiscal periods (2021-2023), indicating excellent financial management and a strong balance sheet.
What is the organization's asset growth over the last decade?
Healing Touch Ministries Inc has experienced substantial asset growth, from $14,290 in 2014 to $111,317 in 2023, demonstrating a healthy accumulation of resources.
Filing History
IRS 990 filing history for Healing Touch Ministries Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Healing Touch Ministries Inc's revenue has grown by 146.9%, moving from $49K to $121K. Total assets increased by 1500.1% over the same period, from $7K to $111K. Total functional expenses rose by 99.1%, from $54K to $107K. In its most recent filing year (2023), Healing Touch Ministries Inc reported a surplus of $14K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $121K | $107K | $111K | $0 | — | — |
| 2022 | $101K | $93K | $97K | $0 | — | View 990 |
| 2021 | $110K | $88K | $88K | $0 | — | View 990 |
| 2020 | $82K | $63K | $71K | $4K | — | — |
| 2019 | $68K | $75K | $47K | $0 | — | View 990 |
| 2018 | $78K | $61K | $54K | $0 | — | View 990 |
| 2017 | $57K | $55K | $36K | $0 | — | View 990 |
| 2016 | $68K | $53K | $34K | $0 | — | View 990 |
| 2015 | $56K | $52K | $19K | $0 | — | View 990 |
| 2014 | $50K | $48K | $14K | $0 | — | View 990 |
| 2013 | $52K | $47K | $13K | $0 | — | View 990 |
| 2012 | $51K | $50K | $8K | $0 | — | View 990 |
| 2011 | $49K | $54K | $7K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $121K, expenses of $107K, and assets of $111K (revenue +19.2% year-over-year).
- 2022: Revenue of $101K, expenses of $93K, and assets of $97K (revenue -8.0% year-over-year).
- 2021: Revenue of $110K, expenses of $88K, and assets of $88K (revenue +34.0% year-over-year).
- 2020: Revenue of $82K, expenses of $63K, and assets of $71K (revenue +20.5% year-over-year).
- 2019: Revenue of $68K, expenses of $75K, and assets of $47K (revenue -12.0% year-over-year).
- 2018: Revenue of $78K, expenses of $61K, and assets of $54K (revenue +35.5% year-over-year).
- 2017: Revenue of $57K, expenses of $55K, and assets of $36K (revenue -15.8% year-over-year).
- 2016: Revenue of $68K, expenses of $53K, and assets of $34K (revenue +21.7% year-over-year).
- 2015: Revenue of $56K, expenses of $52K, and assets of $19K (revenue +12.0% year-over-year).
- 2014: Revenue of $50K, expenses of $48K, and assets of $14K (revenue -3.3% year-over-year).
- 2013: Revenue of $52K, expenses of $47K, and assets of $13K (revenue +1.7% year-over-year).
- 2012: Revenue of $51K, expenses of $50K, and assets of $8K (revenue +3.7% year-over-year).
- 2011: Revenue of $49K, expenses of $54K, and assets of $7K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Healing Touch Ministries Inc:
Data Sources and Methodology
This transparency report for Healing Touch 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.