Herald Education Inc

Analysis

Herald Education Inc is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in March 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Herald Education Inc reported income of $106k and spending of $5,198, leaving 95% of income unspent that year. Across the 3 years on record, from June 2019 to June 2022, income fell from $527k to $106k (-80%), an average of -55% a year. The sharpest change came in the year to June 2022, when income dropped by 75%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Herald Education Inc sits at the 41st percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Olive Free Library Trust Ua ($106k), Oak Hill Elementary School Parent Teacher Organization Incorporated ($106k) and Ehs Football Booster Club ($106k).

On its Form 990-EZ for the period ending June 2022, revenue came from contributions and grants 59% and program service revenue 41% of the total. At year end it held assets of $51k against liabilities of $64k, net assets of -$13k.