Heal Inc

Analysis

Heal Inc is a registered charity in United States, based in East Hanover, NJ. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 $912k, spending 90% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $487k to $1.0m (+109%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 104% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Heal Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within NJ. Charities of a similar size with the same main cause include Frontier Harvest Ministries ($1.0m), Adventive Cross Cultural Initiatives ($1.0m) and Mater Ecclesiae Fund for Vocations Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $240k against liabilities of $0, net assets of $240k.