Heroes New Hope Foundation Inc

Analysis

Heroes New Hope Foundation Inc is a registered charity in United States, based in Sullivan, IN. It received its IRS tax-exemption ruling in July 2017, 9 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, Heroes New Hope Foundation Inc reported income of $75k and spending of $68k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $63k to $75k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heroes New Hope Foundation Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within IN. Charities of a similar size with the same main cause include Society of St Vincent de Paul of St Mary Church - Joplin LLC ($75k), Kidizenship Inc ($75k) and Mission Valley Youth Foundation ($75k).

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 $59k against liabilities of $0, net assets of $59k.