Herrin Education Foundation

Analysis

Herrin Education Foundation is a registered charity in United States, based in Herrin, IL. It received its IRS tax-exemption ruling in June 1990, 36 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Herrin Education Foundation reported income of $65k and spending of $15k, leaving 77% of income unspent that year. Across the 3 years on record, from June 2020 to June 2022, income grew from $24k to $65k (+168%), an average of +64% a year. The sharpest change came in the year to June 2022, when income rose by 148%. Over the whole period it spent 44% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Herrin Education Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within IL. Charities of a similar size with the same main cause include Kimmies of the Bahl Beljeemer ($65k), Greater Sheepshead Bay Developement Corp ($65k) and Progressive Enterprise Development ($65k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 16% of the total. At year end it held assets of $677k against liabilities of $0, net assets of $677k.