Herscher Foundation Inc

Analysis

Herscher Foundation Inc is a registered charity in United States, based in Herscher, IL. It received its IRS tax-exemption ruling in June 1985, 41 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 December 2023, Herscher Foundation Inc reported income of $155k and spending of $112k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $155k (+149%), an average of +149% a year. The sharpest change came in the year to December 2023, when income rose by 149%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Herscher Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within IL. Charities of a similar size with the same main cause include Berts Salute to America Foundation Inc ($155k), Sally Ploof Hunter Memorial Library ($155k) and Washington Christian Outreach Inc ($155k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $155k against liabilities of $0, net assets of $155k.