Heroes Project

Analysis

Heroes Project is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 2010, 16 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Project reported income of $449k and spending of $355k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $714k to $449k (-37%), an average of -11% a year. The sharpest change came in the year to December 2022, when income rose by 261%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Heroes Project sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Ten Sleep Senior Center Inc ($449k), Seaside Institute Inc ($449k) and Copper Peak Inc ($448k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $142k (40% of expenses). Other salaries and wages came to $55k. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m. It reported 3 employees.