Hero Foundation Inc
Hero Foundation Inc maintains substantial assets relative to its annual revenue.
EIN: 203430147 · Glasgow, KY · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $79K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $78,645 |
| Transparency Score | 75/100 |
Is Hero Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hero Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Hero Foundation Inc
Hero Foundation Inc (EIN: 203430147) is a nonprofit organization based in Glasgow, KY, classified under NTEE code L20. The organization reported total revenue of $79K and total assets of $695K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hero Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hero Foundation Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Hero Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Without specific executive compensation data from the IRS 990, it's impossible to analyze compensation relative to the organization's size. For an organization with $78,645 in revenue, any significant executive compensation would warrant scrutiny.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Hero Foundation Inc's IRS 990 filings:
- Lack of detailed expense breakdown prevents full financial efficiency assessment.
Strengths
The following positive indicators were identified for Hero Foundation Inc:
- 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.
Frequently Asked Questions about Hero Foundation Inc
Is Hero Foundation Inc a legitimate charity?
Hero Foundation Inc (EIN: 203430147) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 75/100. Total revenue: $79K. 1 red flag identified. 2 strengths noted. Financial health grade: D.
How does Hero Foundation Inc spend its money?
Hero Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Hero Foundation Inc tax-deductible?
Hero Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203430147). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hero Foundation Inc CEO make?
Hero Foundation Inc's highest-compensated officer earns $78,645 annually. The organization reported $79K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hero Foundation Inc's spending goes to programs?
Hero Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Hero Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Hero Foundation Inc is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hero Foundation Inc located?
Hero Foundation Inc is headquartered in Glasgow, Kentucky and files with the IRS under EIN 203430147. It is classified under NTEE code L20.
Is Hero Foundation Inc a good charity?
Based on the available data, Hero Foundation Inc has a significant asset base ($694,541) for its reported revenue ($78,645), which could be a positive indicator of financial stability. However, a full assessment of 'goodness' requires detailed expense breakdowns (program vs. admin/fundraising) and an understanding of their impact, which are not provided in this summary.
What is the primary focus of Hero Foundation Inc?
The NTEE code L20 indicates that Hero Foundation Inc's primary focus is likely on housing and shelter services.
How does Hero Foundation Inc's asset base compare to its revenue?
Hero Foundation Inc's assets of $694,541 are significantly higher than its latest reported revenue of $78,645, suggesting a strong balance sheet or substantial non-liquid assets.
Data Sources and Methodology
This transparency report for Hero Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.