We Can Be Heroes Foundation Inc

Analysis

We Can Be Heroes Foundation Inc is a registered charity in United States, based in Jacksonville Beach, FL. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, We Can Be Heroes Foundation Inc reported income of $55k and spending of $42k, leaving 23% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $30k to $55k (+81%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 82%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, We Can Be Heroes Foundation Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 25th percentile within FL. Charities of a similar size with the same main cause include Seymour Oxford Food Bank Inc ($55k), Paulding Putnam Electric Trust Inc ($55k) and McCloud Cares ($55k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $21k against liabilities of $0, net assets of $21k.