Heroes Foundation Inc

Analysis

Heroes Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Heroes Foundation Inc reported income of $864k and spending of $1.3m, spending 152% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $409k to $864k (+111%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Heroes Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within IN. Charities of a similar size with the same main cause include Life Choices Pregnancy Center a Non Profit Corporation ($864k), American Neuromuscular Foundation ($864k) and The Bridge Alzheimers & Dementia Resource Center ($864k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 0.2% of the total. Other salaries and wages came to $173k. At year end it held assets of $1.7m against liabilities of $100k, net assets of $1.6m. It reported 3 employees.