Heroes for Children

Analysis

Heroes for Children is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in August 2007, 19 years ago. 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 for Children reported income of $1.1m and spending of $1.2m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $1.1m (-1.7%), an average of -0.4% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Heroes for Children sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Hispanic Urban Minority Alcoholism and Drug Abuse Outreach Program ($1.1m), Great Beginnings Montessori School Inc ($1.1m) and Carmel Housing Development Fund Company Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 131% of the total. Other salaries and wages came to $488k. At year end it held assets of $583k against liabilities of $0, net assets of $583k. It reported 9 employees.