Hermelin Family Foundation

Analysis

Hermelin Family Foundation is a registered charity in United States, based in Bloomfield Hills, MI. It received its IRS tax-exemption ruling in April 1985, 41 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Hermelin Family Foundation reported income of $218k and spending of $394k, spending 181% of what it took in. The sharpest change came in the year to May 2022, when income rose by 170%. Over the whole period it spent 32% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hermelin Family Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within MI. Charities of a similar size with the same main cause include Simi Valley Hospital Foundation ($218k), United Way of Whitman County ($218k) and Team Tacala Charities ($218k).

At year end it held assets of $4.6m against liabilities of $0, net assets of $4.6m.