Headwaters for Heroes

Analysis

Headwaters for Heroes is a registered charity in United States, based in Harper, TX. It received its IRS tax-exemption ruling in December 2016, 10 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, Headwaters for Heroes reported income of $413k and spending of $436k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $217k to $413k (+91%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 58%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Headwaters for Heroes sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Central Valley Community Resources Inc ($413k), Mountain Sprouts Childrens Community ($413k) and Trimedx Foundation Inc ($413k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $27k. At year end it held assets of $60k against liabilities of $1,865, net assets of $58k. It reported 2 employees.