Heals Inc

Analysis

Heals Inc is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover health care, 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 June 2023, Heals Inc reported income of $2.1m and spending of $1.4m, leaving 32% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $2.1m (+70%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 42%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Heals Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 90th percentile within AL. Charities of a similar size with the same main cause include Washington State Assn of Local Public Health Officials ($2.1m), Hope Hospice Inc ($2.1m) and Center for Quality Systems Improvement ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $149k (10% of expenses). Other salaries and wages came to $585k. At year end it held assets of $1.9m against liabilities of $153k, net assets of $1.7m. It reported 26 employees.