My Hero Project Inc

Analysis

My Hero Project Inc is a registered charity in United States, based in Laguna Beach, CA. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, My Hero Project Inc reported income of $701k and spending of $473k, leaving 33% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $676k to $701k (+3.7%), an average of +1.2% a year. The sharpest change came in the year to June 2023, when income rose by 220%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, My Hero Project Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Ames Christian School ($701k), Kidz Space Enrichment Programs ($701k) and St John Chrysostom Academy ($701k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $72k (15% of expenses). Other salaries and wages came to $171k. At year end it held assets of $1.1m against liabilities of $22k, net assets of $1.1m. It reported 14 employees.