Heros Bridge

Analysis

Heros Bridge is a registered charity in United States, based in Warrenton, VA. It received its IRS tax-exemption ruling in August 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 (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, Heros Bridge reported income of $504k and spending of $610k, spending 121% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $230k to $504k (+119%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 77%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heros Bridge sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within VA. Charities of a similar size with the same main cause include Ashiyanaa Inc ($504k), Michael Od Brown We Love Our Sons & Daughters Foundation ($504k) and Trinity Foster Family Services of the Bay Area ($504k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $99k (16% of expenses). Other salaries and wages came to $300k. At year end it held assets of $158k against liabilities of $8,601, net assets of $149k. It reported 10 employees.