Healing Abuse Working for Change Inc

Analysis

Healing Abuse Working for Change Inc is a registered charity in United States, based in Salem, MA. It received its IRS tax-exemption ruling in November 1978, 48 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Healing Abuse Working for Change Inc reported income of $3.0m and spending of $2.7m, spending 92% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.4m to $3.0m (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Healing Abuse Working for Change Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include Polk Education Foundation and Business Partnership Inc ($3.0m), Marian Assisted Living Inc ($3.0m) and Humility of Mary Housing Program ($3.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $142k (5.2% of expenses). Other salaries and wages came to $1.6m. It paid $9,919 in professional fundraising fees. At year end it held assets of $3.5m against liabilities of $849k, net assets of $2.7m. It reported 40 employees.