Hero Scholarship Fund of Delaware County Inc

Analysis

Hero Scholarship Fund of Delaware County Inc is a registered charity in United States, based in Media, PA. It received its IRS tax-exemption ruling in June 1982, 44 years ago. 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 Scholarship Fund of Delaware County Inc reported income of $213k and spending of $48k, leaving 77% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $165k to $213k (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2022, when income rose by 73%. Over the whole period it spent 38% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hero Scholarship Fund of Delaware County Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within PA. Charities of a similar size with the same main cause include Sunrise Inc ($213k), Mary Breckinridge Housing Inc ($213k) and United Way of Miami County Inc ($213k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% of the total. At year end it held assets of $4.1m against liabilities of $7,379, net assets of $4.1m.