Healing Soils Foundation
EIN: 823877725 · Chicago, IL · NTEE: K03
| Metric | Value |
|---|---|
| Total Revenue | $769K |
| Total Expenses | $335K |
| Net Assets | $142K |
Is Healing Soils Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Healing Soils Foundation
Healing Soils Foundation (EIN: 823877725) is a nonprofit organization based in Chicago, IL, classified under NTEE code K03. The organization reported total revenue of $769K and total assets of $574K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Healing Soils Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Healing Soils Foundation is a small nonprofit that has been operating for 6 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 84.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $515K |
| Total Expenses | $335K |
| Surplus / Deficit | +$180K |
| Total Assets | $147K |
| Total Liabilities | $5K |
| Net Assets | $142K |
| Operating Margin | 35.0% |
| Debt-to-Asset Ratio | 3.4% |
| Months of Reserves | 5.3 months |
Financial Health Grade: A
In 2023, Healing Soils Foundation reported a surplus of $180K with revenue exceeding expenses, holds 5.3 months of operating reserves (adequate), has a debt-to-asset ratio of 3.4% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Healing Soils Foundation's revenue has grown at a compound annual growth rate (CAGR) of 84.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +84.3% | +1.3% | +1019.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Healing Soils Foundation 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 Soils Foundation 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 $180K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.4%.
Frequently Asked Questions about Healing Soils Foundation
Is Healing Soils Foundation a legitimate charity?
Healing Soils Foundation (EIN: 823877725) is a registered tax-exempt nonprofit based in Illinois. It has 2 years of IRS 990 filings on record. Total revenue: $769K. No red flags identified. Financial health grade: A.
How does Healing Soils Foundation spend its money?
Healing Soils Foundation reported $769K in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Healing Soils Foundation tax-deductible?
Healing Soils Foundation is registered as a tax-exempt nonprofit (EIN: 823877725). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Healing Soils Foundation located?
Healing Soils Foundation is headquartered in Chicago, Illinois and files with the IRS under EIN 823877725. It is classified under NTEE code K03.
How many years of IRS 990 filings does Healing Soils Foundation have?
Healing Soils Foundation has 2 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 $769K in total revenue.
Filing History
IRS 990 filing history for Healing Soils Foundation showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Healing Soils Foundation's revenue has grown by 84.3%, moving from $279K to $515K. Total assets increased by 1019.1% over the same period, from $13K to $147K. Total functional expenses rose by 1.3%, from $331K to $335K. In its most recent filing year (2023), Healing Soils Foundation reported a surplus of $180K, with revenue exceeding expenses. The organization holds $5K in liabilities against $147K in assets (debt-to-asset ratio: 3.4%), resulting in net assets of $142K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $515K | $335K | $147K | $5K | — | — |
| 2022 | $279K | $331K | $13K | $52K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Healing Soils Foundation:
Data Sources and Methodology
This transparency report for Healing Soils Foundation 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.