Healing Grove Health Center Foundation Inc

Analysis

Healing Grove Health Center Foundation Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in May 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 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 May 2023, Healing Grove Health Center Foundation Inc reported income of $2.0m and spending of $1.4m, leaving 28% of income unspent that year. Across the 4 years on record, from May 2020 to May 2023, income grew from $258k to $2.0m (+676%), an average of +98% a year. The sharpest change came in the year to May 2021, when income rose by 1093%. Over the whole period it spent 73% 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 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 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include LA Cocina ($2.0m), Free Clinic of Southwest Washington ($2.0m) and Society of Assisted Reproductive Technology ($2.0m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $54k (3.8% of expenses). Other salaries and wages came to $394k. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.