Heroes of Honor Foundation Inc

Analysis

Heroes of Honor Foundation Inc is a registered charity in United States, based in Sterling, VA. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2020, Heroes of Honor Foundation Inc reported income of $382k and spending of $179k, leaving 53% of income unspent that year. Across the 2 years on record, from December 2019 to December 2020, income grew from $230k to $382k (+66%), an average of +66% a year. The sharpest change came in the year to December 2020, when income rose by 66%. Over the whole period it spent 109% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Heroes of Honor Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within VA. Charities of a similar size with the same main cause include Girls Matter ($382k), Hale County Stock Show Inc ($382k) and Soul Food Project Inc ($382k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $29k. At year end it held assets of $34k against liabilities of $52k, net assets of -$18k.