Heroes of New Orleans

Analysis

Heroes of New Orleans is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 of New Orleans reported income of $876k and spending of $582k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $127k to $876k (+590%), an average of +590% a year. The sharpest change came in the year to December 2023, when income rose by 590%. Over the whole period it spent 71% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Heroes of New Orleans sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within LA. Charities of a similar size with the same main cause include Nashua Police Athletic League ($874k), Do Greater Foundation Inc ($876k) and National Scholastic Chess Foundation Inc ($874k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $66k (11% of expenses). At year end it held assets of $307k against liabilities of $46k, net assets of $262k.