Hilton Head Heroes Inc

Analysis

Hilton Head Heroes Inc is a registered charity in United States, based in Hilton Head, SC. It received its IRS tax-exemption ruling in August 1999, 27 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, Hilton Head Heroes Inc reported income of $406k and spending of $352k, spending 87% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $292k to $406k (+39%), an average of +6.8% a year. The sharpest change came in the year to December 2023, when income rose by 236%. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hilton Head Heroes Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within SC. Charities of a similar size with the same main cause include Brigance Brigade Foundation Inc ($406k), Bikes Blues & Barbeque Inc ($406k) and Provident Charities Inc ($406k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% of the total. Compensation of current officers, directors and key employees was $72k (20% of expenses). At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m. It reported 1 employees.