Heal Development Corporation

Analysis

Heal Development Corporation is a registered charity in United States, based in Youngstown, OH. It received its IRS tax-exemption ruling in October 1994, 32 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, Heal Development Corporation reported income of $120k and spending of $165k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $121k to $120k (-1.1%), an average of -0.3% a year. Over the whole period it spent 125% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heal Development Corporation 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 42nd percentile within OH. Charities of a similar size with the same main cause include Kind Heart Inc ($120k), Operation Enduring Freedom Family Fund ($120k) and George T Goodwin Community Center Inc ($120k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 31% of the total. Other salaries and wages came to $14k. At year end it held assets of $607k against liabilities of $1.3m, net assets of -$707k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.