Hero Workshop

Analysis

Hero Workshop is a registered charity in United States, based in Culver City, CA. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Workshop reported income of $359k and spending of $315k, spending 88% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $91k to $359k (+293%), an average of +98% a year. The sharpest change came in the year to December 2022, when income rose by 106%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hero Workshop sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include International Society for Environmental Epidemiology ($359k), Roshni ($359k) and Friends of the Chickamauga and Chattanooga National Military Park ($359k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $125k (40% of expenses). Other salaries and wages came to $86k. At year end it held assets of $66k against liabilities of $37k, net assets of $29k. It reported 11 employees.