Hermleigh Education Foundation

Analysis

Hermleigh Education Foundation is a registered charity in United States, based in Hermleigh, TX. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Hermleigh Education Foundation reported income of $348k and spending of $60k, leaving 83% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income fell from $766k to $348k (-55%), an average of -18% a year. The sharpest change came in the year to August 2021, when income dropped by 32%. Over the whole period it spent 40% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hermleigh Education Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Heartland Swimming Association ($348k), Nutley Music Boosters Associationinc ($349k) and Brockton Educational Foundation Inc ($348k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.0% of the total. At year end it held assets of $7.8m against liabilities of $0, net assets of $7.8m.