John and Rose Herman Support Foundation

Analysis

John and Rose Herman Support Foundation is a registered charity in United States, based in Bloomfield Hills, MI. It received its IRS tax-exemption ruling in January 1995, 31 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, John and Rose Herman Support Foundation reported income of $175k and spending of $264k, spending 150% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $109k to $175k (+61%), an average of +13% a year. The sharpest change came in the year to May 2020, when income rose by 54%. Over the whole period it spent 134% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, John and Rose Herman Support Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within MI. Charities of a similar size with the same main cause include Greater Bend Rotary Club Foundation ($175k), Casi Inc ($176k) and Wisdom Inc ($175k).

At year end it held assets of $3.1m against liabilities of $0, net assets of $3.1m.