Healing Heroes Foundation Inc

Analysis

Healing Heroes Foundation Inc is a registered charity in United States, based in Hudson, MA. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Healing Heroes Foundation Inc reported income of $438k and spending of $498k, spending 114% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $414k to $438k (+5.7%), an average of +1.9% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Healing Heroes Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include Crabtree Farms of Chattanooga Inc ($438k), Agastya USA ($438k) and Women 4 Change Indiana ($438k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% of the total. Compensation of current officers, directors and key employees was $35k (7.0% of expenses). At year end it held assets of $4,786 against liabilities of $30k, net assets of -$25k. It reported 4 employees.