Healing Grove Health Center Inc a Social Purpose Corporation

Analysis

Healing Grove Health Center Inc a Social Purpose Corporation is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Healing Grove Health Center Inc a Social Purpose Corporation reported income of $976k and spending of $1.0m, spending 106% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income grew from $130k to $976k (+650%), an average of +96% a year. The sharpest change came in the year to May 2021, when income rose by 1150%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healing Grove Health Center Inc a Social Purpose Corporation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Community Health Association of Mountain Plains States ($976k), Waterford Township E M S Inc ($976k) and Footprints Center for Autism ($976k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. Other salaries and wages came to $526k. At year end it held assets of $672k against liabilities of $293k, net assets of $379k.