Heroes Movement

Analysis

Heroes Movement is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Heroes Movement reported income of $279k and spending of $378k, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $237k to $279k (+17%), an average of +4.1% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Heroes Movement sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include South Eastern Aquatics Inc ($279k), Tannery Pond Center for Arts Education & Community Gatherings ($279k) and Biles World Champions Gymnastics Foundation ($279k).

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 $65k (17% of expenses). At year end it held assets of $46k against liabilities of $0, net assets of $46k. It reported 1 employees.