Healing Minds Nola

Analysis

Healing Minds Nola is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in November 2016, 10 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 December 2023, Healing Minds Nola reported income of $165k and spending of $159k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $53k to $165k (+212%), an average of +212% a year. The sharpest change came in the year to December 2023, when income rose by 212%. Over the whole period it spent 111% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healing Minds Nola sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 48th percentile within LA. Charities of a similar size with the same main cause include ALS Fundraiser ($165k), American Board of Oral Pathology ($165k) and W Hardy Hendren Pediatric Surgical and Urological Education ($165k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $63k (40% of expenses). At year end it held assets of $69k against liabilities of $0, net assets of $69k.