Heal Foundation Inc
Heal Foundation Inc. shows consistent financial stability with no officer compensation, but experienced a deficit in 2023.
EIN: 201944817 · Ponte Vedra, FL · NTEE: T30 · Updated: 2026-03-28
Is Heal Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Heal Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Heal Foundation Inc
Heal Foundation Inc (EIN: 201944817) is a nonprofit organization based in Ponte Vedra, FL, classified under NTEE code T30. The organization reported total revenue of $575K and total assets of $708K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heal Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Heal Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Heal Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Heal Foundation Inc. reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a nonprofit of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Heal Foundation Inc's IRS 990 filings:
- Expenses exceeded revenue in the most recent filing period (202306), with $279,733 in expenses against $234,869 in revenue, indicating an operating deficit.
- Significant year-over-year revenue decrease from $453,904 in 2022 to $234,869 in 2023.
Strengths
The following positive indicators were identified for Heal Foundation Inc:
- Consistent 0% officer compensation across all reported periods, indicating efficient use of funds.
- Assets consistently exceed liabilities, demonstrating strong financial solvency (e.g., $562,951 assets vs. $11,130 liabilities in 2023).
- Long history of IRS 990 filings (13 filings), indicating transparency and compliance.
- Overall growth in assets from $251,057 in 2015 to $562,951 in 2023, despite fluctuations in revenue.
Frequently Asked Questions about Heal Foundation Inc
Is Heal Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Heal Foundation Inc (EIN: 201944817) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Heal Foundation Inc spend its money?
Heal Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Heal Foundation Inc tax-deductible?
Heal Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201944817). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Heal Foundation Inc. a good charity?
Based on the available IRS 990 data, Heal Foundation Inc. appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong commitment to directing funds towards its mission. While it experienced a deficit in 2023, its overall financial history shows stability and growth in assets.
How has Heal Foundation Inc.'s revenue trended over time?
Heal Foundation Inc.'s revenue has fluctuated over the years. It saw a peak of $533,379 in 2017, a dip to $234,869 in 2023, and a high of $498,879 in 2020. The latest reported revenue of $234,869 in 2023 represents a significant decrease from the previous year's $453,904.
What is the organization's financial health?
The organization's financial health is generally stable, with assets consistently exceeding liabilities. For example, in 2023, assets were $562,951 against liabilities of $11,130. However, the 2023 period showed expenses ($279,733) exceeding revenue ($234,869), indicating an operating deficit for that year, which is a point to monitor.
Filing History
IRS 990 filing history for Heal Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Heal Foundation Inc's revenue has grown by 14%, moving from $206K to $235K. Total assets increased by 89.6% over the same period, from $297K to $563K. Total functional expenses fell by 6.7%, from $300K to $280K. In its most recent filing year (2023), Heal Foundation Inc reported a deficit of $45K, with expenses exceeding revenue. The organization holds $11K in liabilities against $563K in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $552K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $235K | $280K | $563K | $11K | — | View 990 |
| 2022 | $454K | $342K | $661K | $2K | — | View 990 |
| 2021 | $294K | $252K | $550K | $22K | — | — |
| 2020 | $499K | $399K | $510K | $22K | — | View 990 |
| 2019 | $408K | $296K | $388K | $1K | — | View 990 |
| 2018 | $410K | $418K | $292K | $17K | — | View 990 |
| 2017 | $533K | $507K | $310K | $2K | — | View 990 |
| 2016 | $505K | $474K | $310K | $28K | — | View 990 |
| 2015 | $262K | $351K | $251K | $-182 | — | View 990 |
| 2014 | $359K | $361K | $342K | $1K | — | View 990 |
| 2013 | $396K | $244K | $344K | $358 | — | View 990 |
| 2012 | $215K | $320K | $199K | $7K | — | View 990 |
| 2011 | $206K | $300K | $297K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $235K, expenses of $280K, and assets of $563K (revenue -48.3% year-over-year).
- 2022: Revenue of $454K, expenses of $342K, and assets of $661K (revenue +54.6% year-over-year).
- 2021: Revenue of $294K, expenses of $252K, and assets of $550K (revenue -41.1% year-over-year).
- 2020: Revenue of $499K, expenses of $399K, and assets of $510K (revenue +22.4% year-over-year).
- 2019: Revenue of $408K, expenses of $296K, and assets of $388K (revenue -0.5% year-over-year).
- 2018: Revenue of $410K, expenses of $418K, and assets of $292K (revenue -23.2% year-over-year).
- 2017: Revenue of $533K, expenses of $507K, and assets of $310K (revenue +5.7% year-over-year).
- 2016: Revenue of $505K, expenses of $474K, and assets of $310K (revenue +92.6% year-over-year).
- 2015: Revenue of $262K, expenses of $351K, and assets of $251K (revenue -27.0% year-over-year).
- 2014: Revenue of $359K, expenses of $361K, and assets of $342K (revenue -9.4% year-over-year).
- 2013: Revenue of $396K, expenses of $244K, and assets of $344K (revenue +83.7% year-over-year).
- 2012: Revenue of $215K, expenses of $320K, and assets of $199K (revenue +4.6% year-over-year).
- 2011: Revenue of $206K, expenses of $300K, and assets of $297K.
Data Sources and Methodology
This transparency report for Heal Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.