Heroes Inc

Analysis

Heroes Inc is a registered charity in United States, based in Chevy Chase, MD. It received its IRS tax-exemption ruling in January 1965, 61 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, Heroes Inc reported income of $1.1m and spending of $1.3m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.6m to $1.1m (-77%), an average of -31% a year. The sharpest change came in the year to December 2023, when income rose by 176%. Over the whole period it spent 80% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Heroes Inc 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 80th percentile, and in the 79th percentile within MD. Charities of a similar size with the same main cause include Peace Is Loud Inc ($1.1m), Forks Abuse Program ($1.1m) and Connecticut Violence Intervention & Prevention Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $305k (24% of expenses). Other salaries and wages came to $50k. At year end it held assets of $27.0m against liabilities of $320k, net assets of $26.7m. It reported 3 employees.