Healing Arts Institute Inc
EIN: 43165795 · Tolland, CT
Is Healing Arts Institute Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Healing Arts Institute Inc
Healing Arts Institute Inc (EIN: 43165795) is a nonprofit organization based in Tolland, CT. The organization reported total revenue of $176K and total assets of $254K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Healing Arts Institute Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Healing Arts Institute Inc is a small nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $180K |
| Total Expenses | $143K |
| Surplus / Deficit | +$37K |
| Total Assets | $237K |
| Net Assets | $237K |
| Operating Margin | 20.8% |
| Months of Reserves | 19.9 months |
Financial Health Grade: A
In 2023, Healing Arts Institute Inc reported a surplus of $37K with revenue exceeding expenses, holds 19.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Healing Arts Institute Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.8% | +43.8% | +7.6% |
| 2022 | +4.8% | -13.3% | +59.7% |
| 2021 | +71.9% | +11.6% | +107.1% |
| 2020 | +1.5% | -31.3% | -20.7% |
| 2019 | -4.2% | +31.7% | -49.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Healing Arts Institute Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Healing Arts Institute Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $37K, with revenue exceeding expenses.
Frequently Asked Questions about Healing Arts Institute Inc
Is Healing Arts Institute Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Healing Arts Institute Inc (EIN: 43165795) insufficient data. 0 red flags identified, 0 strengths noted.
How does Healing Arts Institute Inc spend its money?
Detailed spending breakdown data is not yet available for Healing Arts Institute Inc. Check back for updated IRS 990 analysis.
Are donations to Healing Arts Institute Inc tax-deductible?
Healing Arts Institute Inc is registered as a tax-exempt nonprofit (EIN: 43165795). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Healing Arts Institute Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Healing Arts Institute Inc's revenue has grown by 73.4%, moving from $104K to $180K. Total assets increased by 77.1% over the same period, from $134K to $237K. Total functional expenses rose by 150.1%, from $57K to $143K. In its most recent filing year (2023), Healing Arts Institute Inc reported a surplus of $37K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $180K | $143K | $237K | $0 | — | View 990 |
| 2022 | $185K | $99K | $220K | $21K | — | — |
| 2021 | $177K | $114K | $138K | $25K | — | — |
| 2020 | $103K | $102K | $66K | $16K | — | — |
| 2019 | $101K | $149K | $84K | $34K | — | View 990 |
| 2018 | $106K | $113K | $166K | $0 | — | View 990 |
| 2017 | $106K | $111K | $173K | $0 | — | View 990 |
| 2016 | $104K | $128K | $178K | $0 | — | View 990 |
| 2015 | $111K | $83K | $202K | $0 | — | View 990 |
| 2014 | $108K | $98K | $174K | $0 | — | View 990 |
| 2013 | $104K | $113K | $163K | $0 | — | View 990 |
| 2012 | $102K | $63K | $173K | $0 | — | View 990 |
| 2011 | $104K | $57K | $134K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $180K, expenses of $143K, and assets of $237K (revenue -2.8% year-over-year).
- 2022: Revenue of $185K, expenses of $99K, and assets of $220K (revenue +4.8% year-over-year).
- 2021: Revenue of $177K, expenses of $114K, and assets of $138K (revenue +71.9% year-over-year).
- 2020: Revenue of $103K, expenses of $102K, and assets of $66K (revenue +1.5% year-over-year).
- 2019: Revenue of $101K, expenses of $149K, and assets of $84K (revenue -4.2% year-over-year).
- 2018: Revenue of $106K, expenses of $113K, and assets of $166K (revenue -0.3% year-over-year).
- 2017: Revenue of $106K, expenses of $111K, and assets of $173K (revenue +2.0% year-over-year).
- 2016: Revenue of $104K, expenses of $128K, and assets of $178K (revenue -6.7% year-over-year).
- 2015: Revenue of $111K, expenses of $83K, and assets of $202K (revenue +3.0% year-over-year).
- 2014: Revenue of $108K, expenses of $98K, and assets of $174K (revenue +4.5% year-over-year).
- 2013: Revenue of $104K, expenses of $113K, and assets of $163K (revenue +1.1% year-over-year).
- 2012: Revenue of $102K, expenses of $63K, and assets of $173K (revenue -1.4% year-over-year).
- 2011: Revenue of $104K, expenses of $57K, and assets of $134K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Healing Arts Institute Inc:
Data Sources and Methodology
This transparency report for Healing Arts Institute 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.