Intrepid Fallen Heroes Fund
Intrepid Fallen Heroes Fund shows volatile annual expenses, with zero reported officer compensation.
EIN: 200366717 · New York, NY · NTEE: T50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.0M |
| Total Expenses | $1.1M |
| Program Spending | 85% |
| Net Assets | $17.8M |
| Transparency Score | 85/100 |
Is Intrepid Fallen Heroes Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Intrepid Fallen Heroes Fund directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Intrepid Fallen Heroes Fund
Intrepid Fallen Heroes Fund (EIN: 200366717) is a nonprofit organization based in New York, NY, classified under NTEE code T50. The organization reported total revenue of $6.0M and total assets of $8.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Intrepid Fallen Heroes Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Intrepid Fallen Heroes Fund is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 3.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.9M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$5.8M |
| Total Assets | $18.8M |
| Total Liabilities | $948K |
| Net Assets | $17.8M |
| Operating Margin | 83.7% |
| Debt-to-Asset Ratio | 5.0% |
| Months of Reserves | 199.3 months |
Financial Health Grade: A
In 2024, Intrepid Fallen Heroes Fund reported a surplus of $5.8M with revenue exceeding expenses, holds 199.3 months of operating reserves (strong position), has a debt-to-asset ratio of 5.0% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Intrepid Fallen Heroes Fund's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +34.2% | -92.0% | +47.6% |
| 2023 | -24.1% | +1133.0% | -43.6% |
| 2022 | -11.3% | -90.5% | +47.1% |
| 2021 | -4.7% | +950.8% | -28.2% |
| 2020 | -15.5% | -35.8% | +64.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Intrepid Fallen Heroes Fund with a Mission Score of 85 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, Intrepid Fallen Heroes Fund 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.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, which is a strong positive for financial efficiency and donor trust.
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 Intrepid Fallen Heroes Fund's IRS 990 filings:
- Significant year-over-year expense volatility without clear explanation in summary data.
Strengths
The following positive indicators were identified for Intrepid Fallen Heroes Fund:
- Consistent 0% officer compensation reported across all filings, indicating strong financial stewardship.
- Ability to accumulate significant assets (e.g., $18,791,375 in 202404) to support its mission.
- Strong revenue generation, often exceeding $5 million annually, demonstrating donor support.
Frequently Asked Questions about Intrepid Fallen Heroes Fund
Is Intrepid Fallen Heroes Fund a legitimate charity?
Intrepid Fallen Heroes Fund (EIN: 200366717) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $6.0M. 1 red flag identified. 3 strengths noted. Financial health grade: A.
How does Intrepid Fallen Heroes Fund spend its money?
Intrepid Fallen Heroes Fund directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Intrepid Fallen Heroes Fund tax-deductible?
Intrepid Fallen Heroes Fund is registered as a tax-exempt nonprofit (EIN: 200366717). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Intrepid Fallen Heroes Fund's spending goes to programs?
Intrepid Fallen Heroes Fund directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Intrepid Fallen Heroes Fund compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Intrepid Fallen Heroes Fund is above average for NTEE category T50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Intrepid Fallen Heroes Fund located?
Intrepid Fallen Heroes Fund is headquartered in New York, New York and files with the IRS under EIN 200366717. It is classified under NTEE code T50.
How many years of IRS 990 filings does Intrepid Fallen Heroes Fund have?
Intrepid Fallen Heroes Fund has 13 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 $6.0M in total revenue.
Why do expenses fluctuate so dramatically year-to-year?
The significant swings in expenses, such as $24,079,745 in 201804 versus $1,148,378 in 202004, suggest that the organization likely undertakes large, multi-year projects or makes substantial, infrequent grants. Further detail on program timing would clarify this.
How does the organization manage its cash flow with such expense volatility?
Given the large expense years, the organization must rely on accumulated assets from surplus years (e.g., $6,947,272 revenue vs $1,131,570 expenses in 202404) to fund years with expenses exceeding revenue (e.g., $5,176,478 revenue vs $14,077,778 expenses in 202304). Their asset base, which has been as high as $24.6 million, provides this buffer.
Is the organization financially sustainable given the periods of high expenses?
While some years show significant deficits, the organization has consistently maintained a substantial asset base (e.g., $18,791,375 in 202404), suggesting it has sufficient reserves to absorb these periods and remain sustainable. The zero officer compensation also contributes to overall efficiency.
Filing History
IRS 990 filing history for Intrepid Fallen Heroes Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Intrepid Fallen Heroes Fund's revenue has grown by 59.1%, moving from $4.4M to $6.9M. Total assets decreased by 23.8% over the same period, from $24.7M to $18.8M. Total functional expenses rose by 34.6%, from $841K to $1.1M. In its most recent filing year (2024), Intrepid Fallen Heroes Fund reported a surplus of $5.8M, with revenue exceeding expenses. The organization holds $948K in liabilities against $18.8M in assets (debt-to-asset ratio: 5.0%), resulting in net assets of $17.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $6.9M | $1.1M | $18.8M | $948K | — | View 990 |
| 2023 | $5.2M | $14.1M | $12.7M | $694K | — | View 990 |
| 2022 | $6.8M | $1.1M | $22.6M | $1.6M | — | View 990 |
| 2021 | $7.7M | $12.1M | $15.3M | $68K | — | View 990 |
| 2020 | $8.1M | $1.1M | $21.4M | $1.7M | — | View 990 |
| 2019 | $9.5M | $1.8M | $13.0M | $214K | — | View 990 |
| 2018 | $9.2M | $24.1M | $5.9M | $864K | — | View 990 |
| 2017 | $9.0M | $1.2M | $20.8M | $910K | — | View 990 |
| 2016 | $9.6M | $20.2M | $13.7M | $1.5M | — | View 990 |
| 2015 | $10.4M | $10.6M | $24.6M | $1.9M | — | View 990 |
| 2014 | $11.4M | $19.2M | $24.7M | $1.6M | — | View 990 |
| 2013 | $7.4M | $1.1M | $34.1M | $3.4M | — | View 990 |
| 2012 | $4.4M | $841K | $24.7M | $240K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $6.9M, expenses of $1.1M, and assets of $18.8M (revenue +34.2% year-over-year).
- 2023: Revenue of $5.2M, expenses of $14.1M, and assets of $12.7M (revenue -24.1% year-over-year).
- 2022: Revenue of $6.8M, expenses of $1.1M, and assets of $22.6M (revenue -11.3% year-over-year).
- 2021: Revenue of $7.7M, expenses of $12.1M, and assets of $15.3M (revenue -4.7% year-over-year).
- 2020: Revenue of $8.1M, expenses of $1.1M, and assets of $21.4M (revenue -15.5% year-over-year).
- 2019: Revenue of $9.5M, expenses of $1.8M, and assets of $13.0M (revenue +3.5% year-over-year).
- 2018: Revenue of $9.2M, expenses of $24.1M, and assets of $5.9M (revenue +2.2% year-over-year).
- 2017: Revenue of $9.0M, expenses of $1.2M, and assets of $20.8M (revenue -6.1% year-over-year).
- 2016: Revenue of $9.6M, expenses of $20.2M, and assets of $13.7M (revenue -7.4% year-over-year).
- 2015: Revenue of $10.4M, expenses of $10.6M, and assets of $24.6M (revenue -9.3% year-over-year).
- 2014: Revenue of $11.4M, expenses of $19.2M, and assets of $24.7M (revenue +53.5% year-over-year).
- 2013: Revenue of $7.4M, expenses of $1.1M, and assets of $34.1M (revenue +70.4% year-over-year).
- 2012: Revenue of $4.4M, expenses of $841K, and assets of $24.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Intrepid Fallen Heroes Fund:
Data Sources and Methodology
This transparency report for Intrepid Fallen Heroes Fund 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.