Heal Inc

Analysis

Heal Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Heal Inc reported income of $1.0m and spending of $1.2m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $908k to $1.0m (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heal Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within AL. Charities of a similar size with the same main cause include Siena Retreat Center Inc ($1.0m), Perham Area Activity Center ($1.0m) and Albert Shanker College Scholarship Fund of the United Fed of Teachers ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $130k (11% of expenses). Other salaries and wages came to $65k. At year end it held assets of $1.1m against liabilities of $419k, net assets of $649k. It reported 2 employees.