Halo Inc

Analysis

Halo Inc is a registered charity in United States, based in Chestnut Hill, MA. It received its IRS tax-exemption ruling in November 1993, 33 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Halo Inc reported income of $172k and spending of $80k, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $112k to $172k (+54%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 73% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Halo Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within MA. Charities of a similar size with the same main cause include Fresh Start New Beginning ($172k), Idea Works ($172k) and Helping One Helping Many ($172k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.