Hero Academy CR Inc

Analysis

Hero Academy CR Inc is a registered charity in United States, based in Glendale HTS, IL. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, Hero Academy CR Inc reported income of $73k and spending of $85k, spending 117% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $250k to $73k (-71%), an average of -46% a year. The sharpest change came in the year to December 2022, when income dropped by 52%. Over the whole period it spent 88% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Hero Academy CR Inc sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within IL. Charities of a similar size with the same main cause include Margaret Okari Childrens Foundation ($73k), Om Foundation Inc ($73k) and Scholastic Shooters of Southeast Florida Inc ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. At year end it held assets of $52k against liabilities of $953, net assets of $51k.