Herald Foundation

Analysis

Herald Foundation is a registered charity in United States, based in Rosemead, CA. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Herald Foundation reported income of $185k and spending of $175k, spending 95% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $180k to $185k (+2.8%), an average of +2.8% a year. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Herald Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Tarbiyyatul Haqq Ministries ($185k), Beverly S Angels Inc ($185k) and Divine Nature Alliance ($185k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $195k against liabilities of $0, net assets of $195k.