Heating Energy Assistance Team Inc

Analysis

Heating Energy Assistance Team Inc is a registered charity in United States, based in Smyrna, GA. It received its IRS tax-exemption ruling in October 2000, 26 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2022, Heating Energy Assistance Team Inc reported income of $1.3m and spending of $1.2m, spending 99% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.3m to $1.3m (-6.7%), an average of -2.3% a year. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Heating Energy Assistance Team Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within GA. Charities of a similar size with the same main cause include Troutman-Evergreen Housing Development Fund Company Inc ($1.3m), Franklin Housing Collaborative ($1.3m) and New Lima Housing for the Future ($1.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $166k (13% of expenses). At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 3 employees.