Quick charity verification for Hero Foundation Inc (EIN: 203430147)
Verdict: Hero Foundation Inc appears trustworthy
75/100Mission Score
$79KRevenue
$695KAssets
1Red Flags
2Strengths
Red Flags
Lack of detailed expense breakdown prevents full financial efficiency assessment.
Strengths
Strong asset base ($694,541) relative to annual revenue ($78,645) suggests financial stability.
Focus on housing and shelter (NTEE L20) addresses a critical community need.
Spending Breakdown
How Hero Foundation Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Hero Foundation Inc
Is Hero Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hero Foundation Inc (EIN: 203430147) appears trustworthy. Mission Score: 75/100. 1 red flag identified, 2 strengths noted.
Is Hero Foundation Inc a good charity to donate to?
Hero Foundation Inc has a Mission Score of 75/100. Revenue: $79K. Assets: $695K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hero Foundation Inc?
The Employer Identification Number (EIN) for Hero Foundation Inc is 203430147. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Hero Foundation Inc spend its money?
Hero Foundation Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hero Foundation Inc's tax-exempt status?
You can verify Hero Foundation Inc's tax-exempt status using EIN 203430147 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Hero Foundation Inc, with a latest reported revenue of $78,645 and assets of $694,541, appears to be a small to medium-sized nonprofit. The provided NTEE code L20 suggests a focus on housing and shelter, which is a critical area. Without detailed expense breakdowns from the IRS 990, it's challenging to fully assess spending efficiency. However, the relatively high asset base compared to annual revenue could indicate a strong financial foundation or significant non-liquid assets. Transparency would be enhanced by publicly available detailed financial statements beyond the basic 990 summary, allowing for a deeper understanding of how funds are allocated across programs, administration, and fundraising efforts.