Hero Homes Inc

Analysis

Hero Homes Inc is a registered charity in United States, based in Purcellville, VA. It received its IRS tax-exemption ruling in October 2015, 11 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 2023, Hero Homes Inc reported income of $107k and spending of $37k, leaving 66% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $416k to $107k (-74%), an average of -29% a year. The sharpest change came in the year to December 2021, when income rose by 264%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hero Homes Inc 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 39th percentile, and in the 38th percentile within VA. Charities of a similar size with the same main cause include Friends of Cass County Casa Program ($107k), St Boniface Conference Society of St Vincent de Paul ($107k) and Friends of Koreshan State Park Inc ($107k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. At year end it held assets of $558k against liabilities of $0, net assets of $558k.