Hero to a Child Inc

Analysis

Hero to a Child Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in November 1989, 37 years ago. 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 to a Child Inc reported income of $740k and spending of $813k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $742k to $740k (-0.4%), an average of -0.1% a year. The sharpest change came in the year to December 2020, when income dropped by 28%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hero to a Child Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Marin Brain Injury Network ($740k), United Chinese Americans ($740k) and Sport Club Portugues Inc ($739k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $90k (11% of expenses). Other salaries and wages came to $164k. At year end it held assets of $484k against liabilities of $9,851, net assets of $475k. It reported 4 employees.