Herricks Community Center Fund Inc

Analysis

Herricks Community Center Fund Inc is a registered charity in United States, based in New Hyde Park, NY. It received its IRS tax-exemption ruling in April 1988, 38 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Herricks Community Center Fund Inc reported income of $380k and spending of $425k, spending 112% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income grew from $146k to $380k (+160%), an average of +27% a year. The sharpest change came in the year to May 2023, when income rose by 41%. Over the whole period it spent 106% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Herricks Community Center Fund Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Ka Anapali Ocean Resort Charitable Trust ($380k), Southeast Missouri Regional Economic Development Inc ($380k) and Dewville Social Club ($380k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 75% and program service revenue 5.7% of the total. Other salaries and wages came to $154k. At year end it held assets of $447k against liabilities of $102k, net assets of $345k. It reported 110 employees.