Saluting Community Heroes

Analysis

Saluting Community Heroes is a registered charity in United States, based in Hutchinson, MN. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 2022, Saluting Community Heroes reported income of $268k and spending of $89k, leaving 67% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $233k to $268k (+15%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 15%. Over the whole period it spent 29% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Saluting Community 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 60th percentile, and in the 58th percentile within MN. Charities of a similar size with the same main cause include Tha Development Association ($268k), Johnstown Athletic Boosters Inc ($268k) and Louisiana Black History Hall of Fame ($268k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $30k (34% of expenses). At year end it held assets of $384k against liabilities of $0, net assets of $384k.