Hale Foundation Inc

Analysis

Hale Foundation Inc is a registered charity in United States, based in Augusta, GA. It received its IRS tax-exemption ruling in October 1991, 35 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, Hale Foundation Inc reported income of $1.4m and spending of $1.3m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $985k to $1.4m (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2020, when income rose by 48%. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hale Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within GA. Charities of a similar size with the same main cause include Samaritan Counseling Center of Southeastern Michigan ($1.4m), Clinica Colorado ($1.4m) and Core-El Centro Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $106k (8.4% of expenses). Other salaries and wages came to $229k. At year end it held assets of $3.3m against liabilities of $685k, net assets of $2.6m. It reported 21 employees.