Heroes Alliance
EIN: 272819270 · Detroit, MI · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $211K |
| Total Expenses | $738K |
| Net Assets | $509K |
Is Heroes Alliance Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Heroes Alliance
Heroes Alliance (EIN: 272819270) is a nonprofit organization based in Detroit, MI, classified under NTEE code B90. The organization reported total revenue of $211K and total assets of $837K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heroes Alliance's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heroes Alliance is a small nonprofit that has been operating for 12 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 10.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $211K |
| Total Expenses | $738K |
| Surplus / Deficit | $-526,521 |
| Total Assets | $837K |
| Total Liabilities | $328K |
| Net Assets | $509K |
| Operating Margin | -249.3% |
| Debt-to-Asset Ratio | 39.2% |
| Months of Reserves | 13.6 months |
Financial Health Grade: B
In 2023, Heroes Alliance reported a deficit of $527K with expenses exceeding revenue, holds 13.6 months of operating reserves (strong position), has a debt-to-asset ratio of 39.2% (moderate leverage).
Financial Trends
Over 6 years of filings (2018–2023), Heroes Alliance's revenue has grown at a compound annual growth rate (CAGR) of 10.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -87.3% | +5.0% | -33.5% |
| 2022 | +259.8% | +55.0% | +461.3% |
| 2021 | +315.4% | +249.7% | +395.9% |
| 2020 | +0.0% | +0.0% | +0.0% |
| 2019 | -12.3% | +62.7% | -7.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Heroes Alliance has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Heroes Alliance with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $527K, with expenses exceeding revenue.
- Debt-to-asset ratio: 39.2%.
Frequently Asked Questions about Heroes Alliance
Is Heroes Alliance a legitimate charity?
Heroes Alliance (EIN: 272819270) is a registered tax-exempt nonprofit based in Michigan. It has 6 years of IRS 990 filings on record. Total revenue: $211K. No red flags identified. Financial health grade: B.
How does Heroes Alliance spend its money?
Heroes Alliance reported $211K in total revenue in IRS 990 filings. 6 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Heroes Alliance tax-deductible?
Heroes Alliance is registered as a tax-exempt nonprofit (EIN: 272819270). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Heroes Alliance located?
Heroes Alliance is headquartered in Detroit, Michigan and files with the IRS under EIN 272819270. It is classified under NTEE code B90.
How many years of IRS 990 filings does Heroes Alliance have?
Heroes Alliance has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $211K in total revenue.
Filing History
IRS 990 filing history for Heroes Alliance showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Heroes Alliance's revenue has grown by 66.8%, moving from $127K to $211K. Total assets increased by 1611.8% over the same period, from $49K to $837K. Total functional expenses rose by 826.2%, from $80K to $738K. In its most recent filing year (2023), Heroes Alliance reported a deficit of $527K, with expenses exceeding revenue. The organization holds $328K in liabilities against $837K in assets (debt-to-asset ratio: 39.2%), resulting in net assets of $509K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $211K | $738K | $837K | $328K | — | View 990 |
| 2022 | $1.7M | $702K | $1.3M | $223K | — | View 990 |
| 2021 | $461K | $453K | $224K | $138K | — | View 990 |
| 2020 | $111K | $130K | $45K | $25K | — | View 990 |
| 2019 | $111K | $130K | $45K | $25K | — | View 990 |
| 2018 | $127K | $80K | $49K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $211K, expenses of $738K, and assets of $837K (revenue -87.3% year-over-year).
- 2022: Revenue of $1.7M, expenses of $702K, and assets of $1.3M (revenue +259.8% year-over-year).
- 2021: Revenue of $461K, expenses of $453K, and assets of $224K (revenue +315.4% year-over-year).
- 2020: Revenue of $111K, expenses of $130K, and assets of $45K (revenue +0.0% year-over-year).
- 2019: Revenue of $111K, expenses of $130K, and assets of $45K (revenue -12.3% year-over-year).
- 2018: Revenue of $127K, expenses of $80K, and assets of $49K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heroes Alliance:
Data Sources and Methodology
This transparency report for Heroes Alliance 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.