Heroes on the Water

Analysis

Heroes on the Water is a registered charity in United States, based in Allen, TX. It received its IRS tax-exemption ruling in October 2008, 18 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, Heroes on the Water reported income of $2.0m and spending of $1.6m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $975k to $2.0m (+110%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 55%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heroes on the Water sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Nutrition Education Services ($2.0m), Clifford Beers Health Inc ($2.0m) and San Diego Hunger Coalition ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $110k (7.1% of expenses). Other salaries and wages came to $611k. At year end it held assets of $3.5m against liabilities of $48k, net assets of $3.4m. It reported 11 employees.