Healing Arts Institute of South Florida Inc

Analysis

Healing Arts Institute of South Florida Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in September 2017, 9 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Healing Arts Institute of South Florida Inc reported income of $1.1m and spending of $1.2m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to September 2023, income grew from $542k to $1.1m (+102%), an average of +19% a year. The sharpest change came in the year to September 2022, when income rose by 227%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healing Arts Institute of South Florida Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Central Texas Veterans Research Foundation ($1.1m), Chicago Recovering Communities Coalition ($1.1m) and Coachsafely Foundation ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 6.5% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $282k (24% of expenses). Other salaries and wages came to $446k. At year end it held assets of $507k against liabilities of $648k, net assets of -$142k. It reported 24 employees.