Herman L Anderson Inc

Analysis

Herman L Anderson Inc is a registered charity in United States, based in Myrtle Beach, SC. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Herman L Anderson Inc reported income of $2.7m and spending of $2.9m, spending 107% of what it took in. Across the 3 years on record, from December 2019 to December 2022, income fell from $2.9m to $2.7m (-6.0%), an average of -3.0% a year. The sharpest change came in the year to December 2021, when income dropped by 17%. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Herman L Anderson Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within SC. Charities of a similar size with the same main cause include Interfaith Homes of Kalamazoo Inc ($2.7m), Shelter of Flint Inc ($2.7m) and Partnership Housing Inc ($2.7m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $3.7m against liabilities of $5.7m, net assets of -$2.0m. It reported 110 employees.