Jeremys Heroes Inc

Analysis

Jeremys Heroes Inc is a registered charity in United States, based in Woodbridge, NJ. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Jeremys Heroes Inc reported income of $63k and spending of $74k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $74k to $63k (-15%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. Over the whole period it spent 115% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Jeremys Heroes Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 32nd percentile within NJ. Charities of a similar size with the same main cause include 937 Hoop Dreams ($63k), Road Runners Club of America ($63k) and Cleveland Rovers R F C Inc ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 34% of the total. At year end it held assets of $45k against liabilities of $0, net assets of $45k.