Spirit of a Hero Foundation

Analysis

Spirit of a Hero Foundation is a registered charity in United States, based in Corinth, TX. It received its IRS tax-exemption ruling in August 2019, 7 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 2022, Spirit of a Hero Foundation reported income of $204k and spending of $213k, spending 104% of its income. Across the 2 years on record, from December 2021 to December 2022, income fell from $256k to $204k (-20%), an average of -20% a year. The sharpest change came in the year to December 2022, when income dropped by 20%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spirit of a Hero Foundation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within TX. Charities of a similar size with the same main cause include Forever Families Through Adoptioninc ($204k), Wauconda Island Lake Food Pantry Inc ($204k) and Center for Multicultural Mediation ($204k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $24k (11% of expenses). At year end it held assets of $125k against liabilities of $14k, net assets of $111k. It reported 1 employees.