Hero House

Analysis

Hero House is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in August 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hero House reported income of $2.3m and spending of $2.5m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.3m (+68%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hero House sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within WA. Charities of a similar size with the same main cause include Maitri ($2.3m), Payne County Youth Services Inc ($2.3m) and Friends of Kids with Cancer Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $215k (8.6% of expenses). Other salaries and wages came to $924k. At year end it held assets of $4.1m against liabilities of $3.9m, net assets of $243k. It reported 18 employees.