The Ellen P Hermanson Foundation

Analysis

The Ellen P Hermanson Foundation is a registered charity in United States, based in East Hampton, NY. It received its IRS tax-exemption ruling in December 1997, 29 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 December 2023, The Ellen P Hermanson Foundation reported income of $757k and spending of $552k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $608k to $757k (+25%), an average of +5.6% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Ellen P Hermanson Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include New Jersey Center for Nonprofits Inc ($757k), Brown Rudnick Charitable Foundation Corp ($757k) and Bethany Home Society Foundation Inc ($756k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 116% of the total. At year end it held assets of $311k against liabilities of $12k, net assets of $299k.