Fannie and John Hertz Foundation

Analysis

Fannie and John Hertz Foundation is a registered charity in United States, based in Pleasanton, CA. It received its IRS tax-exemption ruling in December 1948, 78 years ago. 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 2024, Fannie and John Hertz Foundation reported income of $8.4m and spending of $6.9m, spending 83% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.6m to $8.4m (+81%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 207%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fannie and John Hertz Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Clinton County Community Action Program Inc Clinton ($8.4m), American Theological Library Assoc ($8.4m) and Age Well Senior Services Inc ($8.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $1.0m (15% of expenses). Other salaries and wages came to $863k. At year end it held assets of $41.1m against liabilities of $3.0m, net assets of $38.1m. It reported 13 employees.