Heroes Alliance

Analysis

Heroes Alliance is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Heroes Alliance reported income of $211k and spending of $738k, spending 349% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $111k to $211k (+90%), an average of +17% a year. The sharpest change came in the year to September 2021, when income rose by 315%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heroes Alliance sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within MI. Charities of a similar size with the same main cause include New York State Science Olympiad Inc ($211k), Northeast South Dakota Area Health Education Center ($211k) and Eastlake Educational Foundation ($211k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $93k (13% of expenses). Other salaries and wages came to $50k. At year end it held assets of $837k against liabilities of $328k, net assets of $509k. It reported 2 employees.