Healey Education Foundation Inc

Analysis

Healey Education Foundation Inc is a registered charity in United States, based in Cherry Hill, NJ. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Healey Education Foundation Inc reported income of $3.8m and spending of $3.9m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $3.8m (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2023, when income rose by 115%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Healey Education Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Partnership for Children & Families ($3.8m), Kappa Kappa Gamma Foundation ($3.8m) and Acton Nga School ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $320k (8.2% of expenses). Other salaries and wages came to $190k. At year end it held assets of $2.6m against liabilities of $2.2m, net assets of $478k. It reported 7 employees.