Hometown Heroes Inc

Hometown Heroes Inc. shows consistent revenue growth and strong asset accumulation with no reported liabilities.

EIN: 201561839 · Monroe, NC · NTEE: E80 · Updated: 2026-03-28

$442KRevenue

$662KAssets

88/100Mission Score (Excellent)

E80

About Hometown Heroes Inc

Hometown Heroes Inc (EIN: 201561839) is a nonprofit organization based in Monroe, NC, classified under NTEE code E80. The organization reported total revenue of $442K and total assets of $662K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hometown Heroes Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Hometown Heroes Inc. demonstrates consistent financial growth and appears to be in a healthy financial position. Over the past decade, the organization's revenue has steadily increased from $105,429 in 2014 to $332,092 in 2023, with assets growing from $129,727 to $653,581 in the same period. This indicates effective fundraising and asset management. The organization consistently reports zero liabilities, which is a strong indicator of financial stability and responsible fiscal management, minimizing financial risk.

Spending efficiency is generally strong, with expenses typically lower than revenue, allowing for asset accumulation. For instance, in 2023, expenses were $297,623 against revenues of $332,092, resulting in a surplus. The consistent reporting of 0% officer compensation across all filings suggests that the organization is either entirely volunteer-run at the executive level or that compensation is reported under other expense categories, which could impact the perceived transparency of executive pay. However, the absence of reported officer compensation directly contributes to a higher proportion of funds potentially available for program services.

Overall, Hometown Heroes Inc. exhibits good financial health with a clear growth trajectory and prudent management of liabilities. The consistent asset growth and revenue surpluses suggest a sustainable operational model. The lack of reported officer compensation, while potentially a positive for program spending, could warrant further investigation to fully understand the compensation structure if any paid leadership exists.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Hometown Heroes Inc with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Hometown Heroes Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Hometown Heroes Inc. consistently reports 0% officer compensation across all available IRS 990 filings, indicating that executive leadership is either entirely volunteer-based or compensated through other expense categories, which is unusual for an organization of its size and growth.

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 Hometown Heroes Inc's IRS 990 filings:

Unclear executive compensation reporting (0% officer comp reported for all years, which is unusual for an organization of this size and growth, potentially obscuring actual leadership costs).

Strengths

The following positive indicators were identified for Hometown Heroes Inc:

Consistent revenue growth (from $105,429 in 2014 to $332,092 in 2023).
Strong asset accumulation (from $129,727 in 2014 to $653,581 in 2023).
Zero reported liabilities across all filings, indicating excellent financial health and low risk.
Consistent revenue exceeding expenses, leading to healthy surpluses (e.g., $34,469 in 2023).

Frequently Asked Questions about Hometown Heroes Inc

Is Hometown Heroes Inc. financially stable?

Yes, Hometown Heroes Inc. appears financially stable, consistently reporting revenue surpluses (e.g., $34,469 in 2023) and zero liabilities across all filings, alongside steady asset growth from $129,727 in 2014 to $653,581 in 2023.

How has Hometown Heroes Inc.'s revenue changed over time?

Hometown Heroes Inc. has shown consistent revenue growth, increasing from $105,429 in 2014 to $332,092 in 2023, demonstrating a strong upward trend in financial support.

Does Hometown Heroes Inc. have any debt?

No, Hometown Heroes Inc. consistently reports $0 in liabilities across all available IRS 990 filings, indicating no reported debt.

What is the trend in Hometown Heroes Inc.'s assets?

The organization's assets have shown significant and consistent growth, increasing from $129,727 in 2014 to $653,581 in 2023, reflecting strong financial management and accumulation of resources.

Filing History

IRS 990 filing history for Hometown Heroes Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Hometown Heroes Inc's revenue has grown by 243.4%, moving from $97K to $332K. Total assets increased by 502.8% over the same period, from $108K to $654K. Total functional expenses rose by 195.7%, from $101K to $298K. In its most recent filing year (2023), Hometown Heroes Inc reported a surplus of $34K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$332K	$298K	$654K	$0	—	View 990
2022	$354K	$303K	$619K	$0	—	View 990
2021	$310K	$192K	$568K	$0	—	View 990
2020	$285K	$148K	$450K	$0	—	View 990
2019	$245K	$174K	$312K	$0	—	View 990
2018	$200K	$155K	$241K	$0	—	View 990
2017	$225K	$183K	$196K	$0	—	View 990
2016	$121K	$141K	$153K	$0	—	View 990
2015	$141K	$98K	$173K	$0	—	View 990
2014	$105K	$96K	$130K	$0	—	View 990
2013	$119K	$120K	$120K	$0	—	View 990
2012	$142K	$130K	$121K	$0	—	View 990
2011	$97K	$101K	$108K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $332K, expenses of $298K, and assets of $654K (revenue -6.2% year-over-year).
2022: Revenue of $354K, expenses of $303K, and assets of $619K (revenue +14.3% year-over-year).
2021: Revenue of $310K, expenses of $192K, and assets of $568K (revenue +8.6% year-over-year).
2020: Revenue of $285K, expenses of $148K, and assets of $450K (revenue +16.4% year-over-year).
2019: Revenue of $245K, expenses of $174K, and assets of $312K (revenue +22.3% year-over-year).
2018: Revenue of $200K, expenses of $155K, and assets of $241K (revenue -11.1% year-over-year).
2017: Revenue of $225K, expenses of $183K, and assets of $196K (revenue +86.5% year-over-year).
2016: Revenue of $121K, expenses of $141K, and assets of $153K (revenue -14.3% year-over-year).
2015: Revenue of $141K, expenses of $98K, and assets of $173K (revenue +33.9% year-over-year).
2014: Revenue of $105K, expenses of $96K, and assets of $130K (revenue -11.5% year-over-year).
2013: Revenue of $119K, expenses of $120K, and assets of $120K (revenue -16.0% year-over-year).
2012: Revenue of $142K, expenses of $130K, and assets of $121K (revenue +46.7% year-over-year).
2011: Revenue of $97K, expenses of $101K, and assets of $108K.

Data Sources and Methodology

This transparency report for Hometown Heroes 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.