Higher Octave Healing Inc
EIN: 271896282 · Tempe, AZ · NTEE: A68
| Metric | Value |
|---|---|
| Total Revenue | $523K |
| Total Expenses | $478K |
| Net Assets | $30K |
Is Higher Octave Healing Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Higher Octave Healing Inc
Higher Octave Healing Inc (EIN: 271896282) is a nonprofit organization based in Tempe, AZ, classified under NTEE code A68. The organization reported total revenue of $523K and total assets of $90K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Higher Octave Healing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Higher Octave Healing Inc is a small nonprofit that has been operating for 15 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $490K |
| Total Expenses | $478K |
| Surplus / Deficit | +$12K |
| Total Assets | $44K |
| Total Liabilities | $14K |
| Net Assets | $30K |
| Operating Margin | 2.5% |
| Debt-to-Asset Ratio | 32.7% |
| Months of Reserves | 1.1 months |
Financial Health Grade: A
In 2023, Higher Octave Healing Inc reported a surplus of $12K with revenue exceeding expenses, holds 1.1 months of operating reserves (limited), has a debt-to-asset ratio of 32.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Higher Octave Healing Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.4% | +2.4% | -15.0% |
| 2022 | -3.6% | +2.9% | -46.9% |
| 2021 | +68.3% | +27.3% | +1168.9% |
| 2020 | -12.9% | -0.9% | -34.2% |
| 2019 | -14.8% | -4.7% | -5.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Higher Octave Healing 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 Higher Octave Healing 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 $12K, with revenue exceeding expenses.
- Debt-to-asset ratio: 32.7%.
Frequently Asked Questions about Higher Octave Healing Inc
Is Higher Octave Healing Inc a legitimate charity?
Higher Octave Healing Inc (EIN: 271896282) is a registered tax-exempt nonprofit based in Arizona. It has 13 years of IRS 990 filings on record. Total revenue: $523K. No red flags identified. Financial health grade: A.
How does Higher Octave Healing Inc spend its money?
Higher Octave Healing Inc reported $523K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Higher Octave Healing Inc tax-deductible?
Higher Octave Healing Inc is registered as a tax-exempt nonprofit (EIN: 271896282). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Higher Octave Healing Inc located?
Higher Octave Healing Inc is headquartered in Tempe, Arizona and files with the IRS under EIN 271896282. It is classified under NTEE code A68.
How many years of IRS 990 filings does Higher Octave Healing Inc have?
Higher Octave Healing Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $523K in total revenue.
Filing History
IRS 990 filing history for Higher Octave Healing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Higher Octave Healing Inc's revenue has grown by 76.4%, moving from $278K to $490K. Total assets increased by 163.5% over the same period, from $17K to $44K. Total functional expenses rose by 67.8%, from $285K to $478K. In its most recent filing year (2023), Higher Octave Healing Inc reported a surplus of $12K, with revenue exceeding expenses. The organization holds $14K in liabilities against $44K in assets (debt-to-asset ratio: 32.7%), resulting in net assets of $30K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $490K | $478K | $44K | $14K | — | View 990 |
| 2022 | $497K | $467K | $52K | $34K | — | View 990 |
| 2021 | $516K | $454K | $97K | $46K | — | View 990 |
| 2020 | $307K | $356K | $8K | $33K | — | — |
| 2019 | $352K | $360K | $12K | $30K | — | View 990 |
| 2018 | $413K | $377K | $12K | $25K | — | View 990 |
| 2017 | $382K | $400K | $11K | $60K | — | View 990 |
| 2016 | $355K | $372K | $10K | $41K | — | View 990 |
| 2015 | $314K | $309K | $24K | $34K | — | View 990 |
| 2014 | $285K | $291K | $5K | $20K | — | View 990 |
| 2013 | $283K | $257K | $42K | $15K | — | View 990 |
| 2012 | $261K | $249K | $25K | $19K | — | View 990 |
| 2011 | $278K | $285K | $17K | $23K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $490K, expenses of $478K, and assets of $44K (revenue -1.4% year-over-year).
- 2022: Revenue of $497K, expenses of $467K, and assets of $52K (revenue -3.6% year-over-year).
- 2021: Revenue of $516K, expenses of $454K, and assets of $97K (revenue +68.3% year-over-year).
- 2020: Revenue of $307K, expenses of $356K, and assets of $8K (revenue -12.9% year-over-year).
- 2019: Revenue of $352K, expenses of $360K, and assets of $12K (revenue -14.8% year-over-year).
- 2018: Revenue of $413K, expenses of $377K, and assets of $12K (revenue +8.2% year-over-year).
- 2017: Revenue of $382K, expenses of $400K, and assets of $11K (revenue +7.4% year-over-year).
- 2016: Revenue of $355K, expenses of $372K, and assets of $10K (revenue +13.2% year-over-year).
- 2015: Revenue of $314K, expenses of $309K, and assets of $24K (revenue +10.2% year-over-year).
- 2014: Revenue of $285K, expenses of $291K, and assets of $5K (revenue +0.7% year-over-year).
- 2013: Revenue of $283K, expenses of $257K, and assets of $42K (revenue +8.6% year-over-year).
- 2012: Revenue of $261K, expenses of $249K, and assets of $25K (revenue -6.2% year-over-year).
- 2011: Revenue of $278K, expenses of $285K, and assets of $17K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Higher Octave Healing Inc:
Data Sources and Methodology
This transparency report for Higher Octave Healing 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.