Henrys Heroes Foundation Inc

Analysis

Henrys Heroes Foundation Inc is a registered charity in United States, based in Winnetka, IL. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Henrys Heroes Foundation Inc reported income of $54k and spending of $75k, spending 139% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $69k to $54k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 105% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Henrys Heroes Foundation Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within IL. Charities of a similar size with the same main cause include Project People Foundation ($54k), Friends of the Costa Mesa Libraries ($54k) and Overland Trail Elementary PTO Inc ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $10k against liabilities of $2,659, net assets of $7,825.