Healing Meals Foundation Corporation

Analysis

Healing Meals Foundation Corporation is a registered charity in United States, based in Bloomfield, CT. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Healing Meals Foundation Corporation reported income of $1.0m and spending of $1.1m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $388k to $1.0m (+169%), an average of +28% a year. The sharpest change came in the year to December 2020, when income rose by 120%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Healing Meals Foundation Corporation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within CT. Charities of a similar size with the same main cause include Foundation for Sheltered Living Inc ($1.0m), New Beginning Global Outreach Ministries Inc ($1.0m) and Ag Innovations ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $118k (10% of expenses). Other salaries and wages came to $472k. At year end it held assets of $421k against liabilities of $0, net assets of $421k. It reported 21 employees.