Honoring Heros Foundation

Analysis

Honoring Heros Foundation is a registered charity in United States, based in Salt Lake City, UT. It received its IRS tax-exemption ruling in April 2005, 21 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, Honoring Heros Foundation reported income of $245k and spending of $303k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $73k to $245k (+236%), an average of +35% a year. The sharpest change came in the year to December 2020, when income rose by 282%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Honoring Heros Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within UT. Charities of a similar size with the same main cause include Edina Rotary Foundation Inc ($245k), Cape Cod Hospital Auxiliary ($245k) and College Area Swim Association ($245k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 25% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.