Intrepid Fallen Heroes Fund

Analysis

Intrepid Fallen Heroes Fund is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 April 2024, Intrepid Fallen Heroes Fund reported income of $6.9m and spending of $1.1m, leaving 84% of income unspent that year. Across the 6 years on record, from April 2019 to April 2024, income fell from $9.5m to $6.9m (-27%), an average of -6.1% a year. The sharpest change came in the year to April 2024, when income rose by 34%. Over the whole period it spent 71% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Intrepid Fallen Heroes Fund sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Innovate Public Schools ($6.9m), York Foundation ($7.0m) and Manatee Community Foundation Inc ($6.9m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $326k (29% of expenses). Other salaries and wages came to $348k. At year end it held assets of $18.8m against liabilities of $948k, net assets of $17.8m. It reported 6 employees.