Holtzs Heroes Foundation Inc

Analysis

Holtzs Heroes Foundation Inc is a registered charity in United States, based in Fishers, IN. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Holtzs Heroes Foundation Inc reported income of $1.5m and spending of $322k, leaving 79% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $316k to $1.5m (+388%), an average of +49% a year. The sharpest change came in the year to December 2022, when income rose by 398%. Over the whole period it spent 30% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Holtzs Heroes Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within IN. Charities of a similar size with the same main cause include Homeless Not Toothless ($1.5m), New Beginnings International Children and Family Services ($1.5m) and Metrics for Management ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% of the total. Compensation of current officers, directors and key employees was $108k (34% of expenses). Other salaries and wages came to $1,969. At year end it held assets of $2.1m against liabilities of $30k, net assets of $2.0m. It reported 1 employees.