The@heracles Group Inc

Analysis

The@heracles Group Inc is a registered charity in United States, based in Columbus, GA. It received its IRS tax-exemption ruling in December 2023, 3 years ago. Its declared purposes cover food, agriculture and nutrition, 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, The@heracles Group Inc reported income of $2.2m and spending of $2.2m, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $350k to $2.2m (+542%), an average of +542% a year. The sharpest change came in the year to December 2023, when income rose by 542%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The@heracles Group Inc 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 87th percentile, and in the 89th percentile within GA. Charities of a similar size with the same main cause include Red Apple School Inc ($2.2m), Rethreaded Inc ($2.2m) and Gateway to Learning ($2.2m).

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 $4,268 against liabilities of $13k, net assets of -$8,713.