Healing Action Network Inc

Analysis

Healing Action Network Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Healing Action Network Inc reported income of $2.3m and spending of $1.6m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $692k to $2.3m (+238%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healing Action Network Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MO. Charities of a similar size with the same main cause include The Hopequest Ministry Group Inc ($2.3m), Society for Imaging Informatics in Medicine-Siim ($2.3m) and Rehabilitation Systems Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $82k (5.0% of expenses). Other salaries and wages came to $742k. At year end it held assets of $1.4m against liabilities of $389k, net assets of $998k. It reported 54 employees.