Heal Foundation Inc

Analysis

Heal Foundation Inc is a registered charity in United States, based in Ponte Vedra, FL. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2023, Heal Foundation Inc reported income of $235k and spending of $280k, spending 119% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $499k to $235k (-53%), an average of -22% a year. The sharpest change came in the year to June 2022, when income rose by 55%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Heal Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within FL. Charities of a similar size with the same main cause include Southwest Cuyahoga Recreation Center Inc ($235k), Middletown Community Foundation ($235k) and Minnesota Connect Aphasia Now ($235k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 3.8% of the total. Other salaries and wages came to $24k. At year end it held assets of $563k against liabilities of $11k, net assets of $552k. It reported 1 employees.