31heroes Projects

Analysis

31heroes Projects is a registered charity in United States, based in Virginia Beach, VA. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, 31heroes Projects reported income of $313k and spending of $269k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $206k to $313k (+52%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 119%. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, 31heroes Projects sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within VA. Charities of a similar size with the same main cause include Liftup Communities ($313k), Soil2service Inc ($313k) and Sylvia Thomas Center for Adoptive and Foster Families ($313k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $77k (29% of expenses). At year end it held assets of $29k against liabilities of $106k, net assets of -$77k. It reported 1 employees.