Herring College Memorial Educational Trust

Analysis

Herring College Memorial Educational Trust is a registered charity in United States, based in Adams Center, NY. It received its IRS tax-exemption ruling in December 1979, 47 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Herring College Memorial Educational Trust reported income of $159k and spending of $130k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $103k to $159k (+54%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 424%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Herring College Memorial Educational Trust sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Cimarron Maverick Club ($159k), Rising Sun Wellness Center Inc ($159k) and Resurrection Housing Foundation Inc ($159k).

At year end it held assets of $3.2m against liabilities of $0, net assets of $3.2m.