Heels to Heal Inc

Analysis

Heels to Heal Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in January 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Heels to Heal Inc reported income of $122k and spending of $131k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $156k to $122k (-22%), an average of -5.9% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heels to Heal Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 46th percentile within FL. Charities of a similar size with the same main cause include New Life Thrift Store Ltd ($122k), Winchester Area Volunteer Fire Dept ($122k) and Stark County Diaper Bank ($122k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $42k (32% of expenses). Other salaries and wages came to $4,890. At year end it held assets of $4,294 against liabilities of $22k, net assets of -$18k. It reported 2 employees.