Nicholas P Koenig Hero Foundation Inc

Analysis

Nicholas P Koenig Hero Foundation Inc is a registered charity in United States, based in Richmond, MN. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Nicholas P Koenig Hero Foundation Inc reported income of $56k and spending of $11k, leaving 80% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $47k to $56k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 34% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Nicholas P Koenig Hero Foundation Inc sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 18th percentile within MN. Charities of a similar size with the same main cause include Variety-The Childrens Charity of Georgia Inc ($56k), Regenerative Sportscare Foundation Inc ($56k) and Southcoast Health Ambassadors Inc ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 40% of the total. At year end it held assets of $130k against liabilities of $0, net assets of $130k.