Hero Fund America Inc

Analysis

Hero Fund America Inc is a registered charity in United States, based in Provincetown, MA. It received its IRS tax-exemption ruling in July 2014, 12 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 June 2024, Hero Fund America Inc reported income of $111k and spending of $90k, spending 81% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $79k to $111k (+42%), an average of +42% a year. The sharpest change came in the year to June 2024, when income rose by 42%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hero Fund America Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 46th percentile within MA. Charities of a similar size with the same main cause include Globalfest Inc ($111k), Able Charities Inc USA ($111k) and Rebuilding Together Spartanburg Inc ($111k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 23% of the total. At year end it held assets of $60k against liabilities of $0, net assets of $60k.