Hayk for Our Heroes

Analysis

Hayk for Our Heroes is a registered charity in United States, based in Granada Hills, CA. It received its IRS tax-exemption ruling in June 2022, 4 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 (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, Hayk for Our Heroes reported income of $381k and spending of $224k, leaving 41% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $110k to $381k (+246%), an average of +246% a year. The sharpest change came in the year to December 2023, when income rose by 246%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hayk for Our Heroes sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include PTA Texas Congress ($381k), Main Street Community Center Inc ($381k) and American Academy of Head Facial and Neck Pain & TMJ Orthopedics ($381k).

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 $182k against liabilities of $0, net assets of $182k.