The Healing Net Foundation
EIN: 463196096 · Nashville, TN · NTEE: G99
| Metric | Value |
|---|---|
| Total Revenue | $544K |
| Total Expenses | $293K |
| Net Assets | $201K |
Is The Healing Net Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Healing Net Foundation
The Healing Net Foundation (EIN: 463196096) is a nonprofit organization based in Nashville, TN, classified under NTEE code G99. The organization reported total revenue of $544K and total assets of $267K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Healing Net Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Healing Net Foundation is a small 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 -2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $239K |
| Total Expenses | $293K |
| Surplus / Deficit | $-53,488 |
| Total Assets | $309K |
| Total Liabilities | $108K |
| Net Assets | $201K |
| Operating Margin | -22.4% |
| Debt-to-Asset Ratio | 34.9% |
| Months of Reserves | 12.7 months |
Financial Health Grade: B
In 2023, The Healing Net Foundation reported a deficit of $53K with expenses exceeding revenue, holds 12.7 months of operating reserves (strong position), has a debt-to-asset ratio of 34.9% (moderate leverage).
Financial Trends
Over 10 years of filings (2014–2023), The Healing Net Foundation's revenue has declined at a compound annual growth rate (CAGR) of -2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.7% | -47.1% | +13.5% |
| 2022 | -48.3% | +113.3% | -51.2% |
| 2021 | +59.8% | +15.3% | +104.9% |
| 2020 | -13.3% | -36.0% | +83.5% |
| 2019 | +77.6% | +62.3% | +35.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1800 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Healing Net Foundation 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 The Healing Net Foundation 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 $53K, with expenses exceeding revenue.
- Debt-to-asset ratio: 34.9%.
Frequently Asked Questions about The Healing Net Foundation
Is The Healing Net Foundation a legitimate charity?
The Healing Net Foundation (EIN: 463196096) is a registered tax-exempt nonprofit based in Tennessee. It has 10 years of IRS 990 filings on record. Total revenue: $544K. No red flags identified. Financial health grade: B.
How does The Healing Net Foundation spend its money?
The Healing Net Foundation reported $544K 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 The Healing Net Foundation tax-deductible?
The Healing Net Foundation is registered as a tax-exempt nonprofit (EIN: 463196096). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Healing Net Foundation located?
The Healing Net Foundation is headquartered in Nashville, Tennessee and files with the IRS under EIN 463196096. It is classified under NTEE code G99.
How many years of IRS 990 filings does The Healing Net Foundation have?
The Healing Net Foundation 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 $544K in total revenue.
Filing History
IRS 990 filing history for The Healing Net Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), The Healing Net Foundation's revenue has declined by 22.7%, moving from $309K to $239K. Total assets increased by 67.3% over the same period, from $184K to $309K. Total functional expenses rose by 96.6%, from $149K to $293K. In its most recent filing year (2023), The Healing Net Foundation reported a deficit of $53K, with expenses exceeding revenue. The organization holds $108K in liabilities against $309K in assets (debt-to-asset ratio: 34.9%), resulting in net assets of $201K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $239K | $293K | $309K | $108K | — | — |
| 2022 | $277K | $553K | $272K | $18K | — | — |
| 2021 | $536K | $259K | $558K | $27K | — | View 990 |
| 2020 | $335K | $225K | $272K | $18K | — | — |
| 2019 | $386K | $351K | $148K | $5K | — | View 990 |
| 2018 | $217K | $216K | $109K | $333 | — | View 990 |
| 2017 | $178K | $189K | $110K | $2K | — | View 990 |
| 2016 | $96K | $175K | $121K | $1K | — | View 990 |
| 2015 | $189K | $175K | $199K | $0 | — | View 990 |
| 2014 | $309K | $149K | $184K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $239K, expenses of $293K, and assets of $309K (revenue -13.7% year-over-year).
- 2022: Revenue of $277K, expenses of $553K, and assets of $272K (revenue -48.3% year-over-year).
- 2021: Revenue of $536K, expenses of $259K, and assets of $558K (revenue +59.8% year-over-year).
- 2020: Revenue of $335K, expenses of $225K, and assets of $272K (revenue -13.3% year-over-year).
- 2019: Revenue of $386K, expenses of $351K, and assets of $148K (revenue +77.6% year-over-year).
- 2018: Revenue of $217K, expenses of $216K, and assets of $109K (revenue +22.3% year-over-year).
- 2017: Revenue of $178K, expenses of $189K, and assets of $110K (revenue +84.7% year-over-year).
- 2016: Revenue of $96K, expenses of $175K, and assets of $121K (revenue -49.1% year-over-year).
- 2015: Revenue of $189K, expenses of $175K, and assets of $199K (revenue -38.8% year-over-year).
- 2014: Revenue of $309K, expenses of $149K, and assets of $184K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Healing Net Foundation:
Data Sources and Methodology
This transparency report for The Healing Net Foundation 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.