Heroes Center Inc

Analysis

Heroes Center Inc is a registered charity in United States, based in High Point, NC. It received its IRS tax-exemption ruling in April 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 2022, Heroes Center Inc reported income of $116k and spending of $139k, spending 120% of what it took in. Across the 2 years on record, from December 2020 to December 2022, income grew from $72k to $116k (+60%), an average of +60% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heroes Center Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within NC. Charities of a similar size with the same main cause include Lchaim Chaverut Northshore Inc ($116k), Superhealth Inc ($116k) and Spanish Peaks Community Foundation Inc ($116k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 83% of the total. At year end it held assets of $322k against liabilities of $140k, net assets of $182k.