Healing Minds Nola
EIN: 813945765 · New Orleans, LA · NTEE: F01
| Metric | Value |
|---|---|
| Total Revenue | $175K |
| Total Expenses | $159K |
| Net Assets | $69K |
Is Healing Minds Nola Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Healing Minds Nola
Healing Minds Nola (EIN: 813945765) is a nonprofit organization based in New Orleans, LA, classified under NTEE code F01. The organization reported total revenue of $175K and total assets of $51K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Healing Minds Nola's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Healing Minds Nola is a small nonprofit that has been operating for 10 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 12.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $165K |
| Total Expenses | $159K |
| Surplus / Deficit | +$6K |
| Total Assets | $69K |
| Net Assets | $69K |
| Operating Margin | 3.6% |
| Months of Reserves | 5.2 months |
Financial Health Grade: A
In 2023, Healing Minds Nola reported a surplus of $6K with revenue exceeding expenses, holds 5.2 months of operating reserves (adequate).
Financial Trends
Over 4 years of filings (2020–2023), Healing Minds Nola's revenue has grown at a compound annual growth rate (CAGR) of 12.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +212.4% | +90.9% | +9.3% |
| 2022 | +15.8% | +74.5% | -32.6% |
| 2021 | -60.3% | +27.3% | +21.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Healing Minds Nola 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 Minds Nola 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 $6K, with revenue exceeding expenses.
Frequently Asked Questions about Healing Minds Nola
Is Healing Minds Nola a legitimate charity?
Healing Minds Nola (EIN: 813945765) is a registered tax-exempt nonprofit based in Louisiana. It has 4 years of IRS 990 filings on record. Total revenue: $175K. No red flags identified. Financial health grade: A.
How does Healing Minds Nola spend its money?
Healing Minds Nola reported $175K in total revenue in IRS 990 filings. 4 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Healing Minds Nola tax-deductible?
Healing Minds Nola is registered as a tax-exempt nonprofit (EIN: 813945765). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Healing Minds Nola located?
Healing Minds Nola is headquartered in New Orleans, Louisiana and files with the IRS under EIN 813945765. It is classified under NTEE code F01.
How many years of IRS 990 filings does Healing Minds Nola have?
Healing Minds Nola has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $175K in total revenue.
Filing History
IRS 990 filing history for Healing Minds Nola showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Healing Minds Nola's revenue has grown by 43.8%, moving from $114K to $165K. Total assets decreased by 10.5% over the same period, from $77K to $69K. Total functional expenses rose by 324%, from $37K to $159K. In its most recent filing year (2023), Healing Minds Nola reported a surplus of $6K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $165K | $159K | $69K | $0 | — | — |
| 2022 | $53K | $83K | $63K | $0 | — | View 990 |
| 2021 | $46K | $48K | $94K | $0 | — | — |
| 2020 | $114K | $37K | $77K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $165K, expenses of $159K, and assets of $69K (revenue +212.4% year-over-year).
- 2022: Revenue of $53K, expenses of $83K, and assets of $63K (revenue +15.8% year-over-year).
- 2021: Revenue of $46K, expenses of $48K, and assets of $94K (revenue -60.3% year-over-year).
- 2020: Revenue of $114K, expenses of $37K, and assets of $77K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Healing Minds Nola:
Data Sources and Methodology
This transparency report for Healing Minds Nola 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.