Hooks for Heroes

Analysis

Hooks for Heroes is a registered charity in United States, based in Island Park, NY. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hooks for Heroes reported income of $347k and spending of $195k, leaving 44% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $131k to $347k (+164%), an average of +164% a year. The sharpest change came in the year to December 2023, when income rose by 164%. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hooks for Heroes sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Hogar Forjadores de Esperanza Inc ($347k), Harbor Dish Inc ($347k) and White River Womens Shelter Inc ($347k).

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 $170k against liabilities of $0, net assets of $170k.