Heroes for Healthcare Inc

Analysis

Heroes for Healthcare Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover employment, which this site groups under community and economic 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 for Healthcare Inc reported income of $156k and spending of $131k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $47k to $156k (+232%), an average of +232% a year. The sharpest change came in the year to December 2023, when income rose by 232%. Over the whole period it spent 73% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Heroes for Healthcare Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 47th percentile within WI. Charities of a similar size with the same main cause include Greater Bridgman Area Chamber of Commerce and Growth Alliance ($156k), Focus Cincinnati Inc ($156k) and Sabores Well ($156k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $119k against liabilities of $38k, net assets of $81k.