Hope for Heroes Inc

Analysis

Hope for Heroes Inc is a registered charity in United States, based in Lagrangeville, NY. It received its IRS tax-exemption ruling in May 2013, 13 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 June 2024, Hope for Heroes Inc reported income of $73k and spending of $72k, spending 100% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $239k to $73k (-70%), an average of -21% a year. The sharpest change came in the year to June 2022, when income rose by 267%. Over the whole period it spent 57% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope for Heroes Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include 4th Street Theatre Inc ($73k), Middletown Area Neediest Youth ($73k) and Camelot Family Foundation Inc ($73k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 21% of the total. At year end it held assets of $575k against liabilities of $142k, net assets of $433k.