The Healing Place Inc
EIN: 561667721 · Hendersonville, NC
| Metric | Value |
|---|---|
| Total Expenses | $331K |
| Net Assets | $451K |
Is The Healing Place Inc 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 Place Inc
The Healing Place Inc (EIN: 561667721) is a nonprofit organization based in Hendersonville, NC. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Healing Place Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Healing Place Inc is a small nonprofit, with 4 years of IRS 990 filings on record (2011–2014). Revenue has grown at a compound annual rate of -7.8%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $326K |
| Total Expenses | $331K |
| Surplus / Deficit | $-5,493 |
| Total Assets | $455K |
| Total Liabilities | $3K |
| Net Assets | $451K |
| Operating Margin | -1.7% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 16.5 months |
Financial Health Grade: B
In 2014, The Healing Place Inc reported a deficit of $5K with expenses exceeding revenue, holds 16.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 4 years of filings (2011–2014), The Healing Place Inc's revenue has declined at a compound annual growth rate (CAGR) of -7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | -16.8% | -15.7% | -0.8% |
| 2013 | +2.5% | -5.0% | -0.4% |
| 2012 | -8.1% | +8.6% | -7.4% |
AI Analysis Pending
AI enrichment for The Healing Place 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 The Healing Place 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 (2014)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.7%.
Frequently Asked Questions about The Healing Place Inc
Is The Healing Place Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Healing Place Inc (EIN: 561667721) insufficient data. 0 red flags identified, 0 strengths noted.
How does The Healing Place Inc spend its money?
Detailed spending breakdown data is not yet available for The Healing Place Inc. Check back for updated IRS 990 analysis.
Are donations to The Healing Place Inc tax-deductible?
The Healing Place Inc is registered as a tax-exempt nonprofit (EIN: 561667721). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Healing Place Inc located?
The Healing Place Inc is headquartered in Hendersonville, North Carolina and files with the IRS under EIN 561667721.
How many years of IRS 990 filings does The Healing Place Inc have?
The Healing Place Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for The Healing Place Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2011–2014), The Healing Place Inc's revenue has declined by 21.6%, moving from $416K to $326K. Total assets decreased by 8.5% over the same period, from $497K to $455K. Total functional expenses fell by 13.1%, from $381K to $331K. In its most recent filing year (2014), The Healing Place Inc reported a deficit of $5K, with expenses exceeding revenue. The organization holds $3K in liabilities against $455K in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $451K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $326K | $331K | $455K | $3K | — | View 990 |
| 2013 | $392K | $393K | $458K | $1K | — | View 990 |
| 2012 | $382K | $414K | $460K | $2K | — | View 990 |
| 2011 | $416K | $381K | $497K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $326K, expenses of $331K, and assets of $455K (revenue -16.8% year-over-year).
- 2013: Revenue of $392K, expenses of $393K, and assets of $458K (revenue +2.5% year-over-year).
- 2012: Revenue of $382K, expenses of $414K, and assets of $460K (revenue -8.1% year-over-year).
- 2011: Revenue of $416K, expenses of $381K, and assets of $497K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Healing Place Inc:
Data Sources and Methodology
This transparency report for The Healing Place 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.