Hero Theatre Inc

Analysis

Hero Theatre Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 2013, 13 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Hero Theatre Inc reported income of $214k and spending of $176k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $234k to $214k (-8.5%), an average of -8.5% a year. Over the whole period it spent 61% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hero Theatre Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Independent Jewish World Cinema ($214k), Washington Crossing Foundation ($214k) and Childrens Storybook Garden & Museum ($214k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $16k. At year end it held assets of $242k against liabilities of $0, net assets of $242k.