Hero Kids Foundation

Analysis

Hero Kids Foundation is a registered charity in United States, based in Suffolk, VA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover health care, 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, Hero Kids Foundation reported income of $140k and spending of $230k, spending 164% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $261k to $140k (-47%), an average of -46% a year. The sharpest change came in the year to December 2023, when income dropped by 47%. Over the whole period it spent 114% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hero Kids Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within VA. Charities of a similar size with the same main cause include Lifeguard ($140k), Camp Bravehearts Inc ($140k) and Putnam County Cancer Assistance Program Inc ($140k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $39k (17% of expenses). Other salaries and wages came to $49k. At year end it held assets of $153k against liabilities of $56k, net assets of $97k. It reported 2 employees.