Christian Herald Assn Inc

Analysis

Christian Herald Assn Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1939, 87 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 September 2023, Christian Herald Assn Inc reported income of $24.8m and spending of $25.7m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $17.4m to $24.8m (+42%), an average of +9.3% a year. The sharpest change came in the year to September 2020, when income rose by 73%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Christian Herald Assn Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include World Jewish Congress American Section Inc ($24.7m), Redeemer City to City ($25.2m) and Word of Life Foundation Inc ($24.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $1.1m (4.4% of expenses). Other salaries and wages came to $8.9m. It paid $1.1m in professional fundraising fees. At year end it held assets of $36.2m against liabilities of $4.3m, net assets of $31.9m. It reported 238 employees.