Heralds of the Gospel Foundation Inc

Analysis

Heralds of the Gospel Foundation Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 2022, Heralds of the Gospel Foundation Inc reported income of $1.3m and spending of $1.2m, spending 92% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $490k to $1.3m (+167%), an average of +39% a year. The sharpest change came in the year to December 2022, when income rose by 257%. Over the whole period it spent 86% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Heralds of the Gospel Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Allied Extract Afghanistan ($1.3m), New Vision Foundation ($1.3m) and Be Like Brit Foundation Inc ($1.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 15% of the total. At year end it held assets of $507k against liabilities of $16k, net assets of $491k.