Wny Heroes Inc

Analysis

Wny Heroes Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in March 2009, 17 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, Wny Heroes Inc reported income of $2.0m and spending of $1.6m, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $612k to $2.0m (+230%), an average of +35% a year. The sharpest change came in the year to December 2022, when income rose by 65%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wny Heroes Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Heart Love & Soul Inc ($2.0m), Homme Heights Inc ($2.0m) and Oblong Childrens Christian Home ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $61k (3.7% of expenses). Other salaries and wages came to $208k. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 14 employees.